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Coinbase CLO Rips U.S. GAO Report on Crypto Sanctions Evasion
Coinbase chief legal officer, Paul Grewal, unleashed sharp criticism on X over a recent U.S. Government Accountability Office (GAO) report highlighting cryptocurrency usage in sanctions evasion. Grewal slammed the GAO analysis as "shoddy" and failed to properly contextualize the crypto industry's extensive compliance efforts. He also stated that the report performed zero comparative analysis. https://twitter.com/iampaulgrewal/status/1749290869293981800......
Judge Roasts SEC’s Lawsuit Against Coinbase, Seeks Clarity on Securities Laws
The federal judge overseeing the high-profile lawsuit alleging U.S. crypto exchange Coinbase illegally offered securities pressed the SEC lawyers with tough questions during a Wednesday court hearing. Areas covered included defining securities, the legality of staking services, and whether the regulator is overreaching its authority. Judge Katherine Polk Failla of the New York Southern District......
Grayscale Transfers 9,000 BTC To Coinbase Prime As Bitcoin Hits $43,000
The Grayscale Bitcoin Trust (GBTC) moved an additional 9,000 Bitcoin worth over $387 million to cryptocurrency exchange Coinbase Prime on Tuesday. The trust has seen steady declines in assets under management since last week's approval of a Bitcoin spot ETF in the US. According to blockchain intelligence firm Arkham, Grayscale executed multiple transfers of 1,000......
Coinbase Partners with Yellow Card to Boost USDC in 20 African Countries
Coinbase has announced a collaboration with the African cryptocurrency exchange Yellow Card. The collaboration aims to significantly improve access to the popular USDC stablecoin across 20 countries in Africa. https://twitter.com/coinbase/status/1745551469535977675 The partnership will leverage Coinbase's global infrastructure and Yellow Card's existing presence in emerging African economies. Features launching in February are designed to make acquiring......
DOJ Shelves Campaign Finance Charges Against SBF; Coinbase CLO Calls It a Mistake
The U.S. Department of Justice (DOJ) has opted not to pursue campaign finance charges against fallen crypto billionaire Sam Bankman-Fried (SBF). Paul Grewal, Chief Legal Officer at cryptocurrency exchange Coinbase, sharply criticized the move in a X thread. Grewal called it a "mistake" and a "miscarriage of justice," depriving the public of important answers. This......
Coinbase Gains French Crypto License Amid U.S. Regulatory Rift
Cryptocurrency exchange Coinbase gained regulatory approval this week to provide digital asset services in France. According to the latest report from CNBC, the exchange has secured a virtual asset service provider (VASP) license from national regulators. The registration comes as the company faces an increasingly fraught oversight battle in its home U.S. market. The contrast......
Coinbase to Challenge SEC’s Denial of Crypto Rules Petition
The U.S. Securities and Exchange Commission (SEC) has denied a petition from cryptocurrency exchange Coinbase requesting the agency provide more transparent rules and guidance around digital assets. The decision comes despite calls from within the commission for increased collaboration with crypto companies. In a statement on Friday, SEC chair Gary Gensler defended the agency’s oversight......
Coinbase to Launch Crypto Spot Trading Beyond the U.S.
Coinbase Global is expanding its international cryptocurrency exchange platform to offer spot trading of top coins like Bitcoin and Ethereum. The new spot crypto trading pairs with the USDC stablecoin and will be launched on Thursday, according to Bloomberg. The launch initially focuses on institutional investors. The move comes as Coinbase and other major crypto......
Coinbase NFT and OpenSea Address Web3 Vulnerability Alert from Thirdweb
A vulnerability was recently discovered in a commonly used Web3 open-source library. The vulnerability could potentially affect numerous NFT projects built using frameworks from web3 development toolkit provider Thirdweb. https://twitter.com/thirdweb/status/1731841493407576247 The vulnerability impacts smart contracts created using Thirdweb's NFT minting templates prior to Nov. 22nd, including popular collections on OpenSea and Coinbase NFT. Specific affected......
Coinbase Receives 13,079 Law Enforcement Requests, Reflecting a 6% Increase
Crypto exchange Coinbase published its fifth annual transparency report this week. With the report, the crypto exchange is shedding light on the number and nature of government and law enforcement requests for customer data that the company has received over the past year. The report, covering the period from October 1, 2022, through September 30,......
