SEC Charges Coinbase for Operating as an Unregistered Securities ...
Jun 6, 2023 · The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program.
Coinbase, Inc. and Coinbase Global, Inc. - SEC.gov
Jun 6, 2023 · The SEC alleges that, since 2019, Coinbase has been engaging in an unregistered securities offering through its staking-as-a-service program, which allows customers to earn profits from the "proof of stake" mechanisms of certain blockchains and Coinbase's efforts.
Since at least 2016, Coinbase has understood that the Supreme Court’s decision in SEC v. W.J. Howey Co. , 328 U.S. 293 (1946) and its progeny set forth the relevant test for determining whether a crypto asset is part of an investment contract that is …
SEC.gov | Former Coinbase Manager and His Brother Agree to …
May 30, 2023 · The Securities and Exchange Commission today announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made available for trading on ...
SEC.gov | Ishan Wahi et al.
The SEC’s complaint alleged that Ramani received tips from his friend, Ishan Wahi, who was then a product manager at Coinbase and helped to coordinate the platform’s public listing announcements. These announcements included what crypto assets would be …
SEC.gov | Statement on the Denial of a Rulemaking Petition …
Dec 15, 2023 · Today, the Commission denied a Petition for Rulemaking filed on behalf of Coinbase Global, Inc. I was pleased to support the Commission’s decision for three reasons. First, existing laws and regulations apply to the crypto securities markets. Second, the SEC addresses the crypto securities markets through rulemaking as well.
SEC.gov | SEC Charges Former Coinbase Manager, Two Others in …
Jul 21, 2022 · The SEC’s complaint, filed in federal district court in Seattle, Washington, charges Ishan Wahi, Nikhil Wahi, and Ramani with violating the antifraud provisions of the securities laws and seeks permanent injunctive relief, disgorgement with prejudgment interest, and civil penalties.
Crypto Assets - SEC.gov
Oct 10, 2024 · SEC v. Coinbase, Inc., et al. The Securities and Exchange Commission charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program. 6/6/2023
coin-20230322 - SEC.gov
Mar 22, 2023 · Based on discussions with the Staff, the Company believes these potential enforcement actions would relate to aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet.
cryptocurrencies and decentralized networks. Most recently, Coinbase became the first major cryptocurrency company to list its shares on a U.S. stock exchange. Today, Coinbase operates the largest cryptocurrency exchange in the U.S., and one of the largest cryptocurrency exchanges in the world. We