Coinbase CEO: US Crypto Policy Threat to National Security, Ripple Exec Reacts
Brian Armstrong, CEO at Coinbase, recently held a Twitter Spaces session in which he and three other speakers analyzed how the unfavorable policy surrounding crypto in the United States could threaten the country’s national security.
Coinbase CEO Meets with SEC to Push for Clear Crypto Regulations in the US
Armstrong believes that Congress will need to step in to provide the necessary clarity on regulations for the crypto industry.
Crypto Morning Briefing: Telegram Wallet Users Can Now Buy, Withdraw and Exchange Bitcoin
Google Bard Tries To Gain ‘Coding Assist’ Edge Over ChatGPT; Coinbase Set To Launch Base Mainnet Within 2023; DRW Denies Investment in 3AC’s OPNX
Coinbase Set To Launch Base Mainnet Within 2023
Crypto exchange Coinbase’s entry into the Layer 2 space is apparently making steady strides towards a mainnet launch soon. A testnet version of the Ethereum Layer 2 network has been unveiled in February 2023. Base was launched as a platform that makes it easy for developers to build apps and plug into the Coinbase product suite for user convenience. The developers said in a latest update that the Base mainnet is being considered as a priority.
CEO Brian Armstrong: Coinbase Is Prepared for a Lengthy Battle with the SEC in Court
Coinbase CEO Brian Armstrong has stated that the exchange is prepared to face the US Securities and Exchange Commission (SEC) in court after receiving a Wells Notice from the watchdog in March, which stated that the agency was preparing to file an enforcement action against the exchange for allegedly violating securities laws in the country. Armstrong stated that the SEC failed to establish clear standards for the crypto market, making the court the last resort for the needed clarity, and that Coinbase is prepared for a lengthy battle with the SEC in case the lawsuit takes years to conclude. He is also optimistic that the exchange has all it takes to win the SEC in court, noting that they have a strong case and that the SEC has to follow the rule of law.
MakerDAO Approves Coinbase Custody for Onboarding 500 Million USDC to Institutional Rewards Program
The transfer involves moving 500 million USDC from the PSM to Coinbase Custody International Limited (CCI) to participate in the Coinbase Institutional USDC Rewards Program.
Coinbase CEO Brian Armstrong Says SEC Has Caused Untold Harm to America
He vowed to fight to fix this issue and push for more sensible regulation of the crypto industry.
“The Law is on Our Side” , Says Armstrong in Coinbase’s Battle with SEC
Coinbase CEO Brian Armstrong recently discussed the company’s preparation for a potential court battle with the U.S. Securities and Exchange Commission (SEC). He expressed disappointment that the SEC had not provided any feedback during their 30 meetings over the past year.
Texas Passes Bill Requiring Cryptocurrency Companies to Prove They Have Enough Assets
The bill's provisions share similarities with the proof-of-reserve reports that prominent exchanges like Coinbase, Binance, and Kraken already produce.
Crypto Morning Briefing: Crypto Exchange Coinbase Receives License To Operate in Bermuda
Tornado Cash Developer Will Finally Be Released From Jai; zkSync Era Surges Ahead Of Polygon’s zkEVM As It Onboards This DeFi Protocol; CryptoPunks NFT in Centre Pompidou ‘Quite a Surprise’
