Gensler's TV appearance came after the SEC sued Coinbase and said the company should be "permanently restrained and enjoined" from "operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency."
Shares of Coinbase, the only major crypto exchange that's publicly traded in the U.S., sank 18% this week. Coinbase legal chief Paul Grewal told CNBC in a statement that the SEC's approach to enforcement without laying out clear rules is "hurting America's economic competitiveness and companies like Coinbase that have a demonstrated commitment to compliance.
While Binance claims no official headquarters and does most of its business overseas, the SEC's complaint cited a senior executive allegedly telling a compliance officer that the company was operating as a "[f---ing] unlicensed securities exchange in the USA bro.", Binance said it was "disappointed" in the SEC's suit and said it had "engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations.
Protocol Labs, the developer of Filecoin, said in a series of tweets on Thursday that the token is critical to the operation of its distributed storage network. It's how people buy storage from providers, and Protocol says the cost is much less than what users would pay
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Source: CNBC - 🏆 12. / 72 Read more »