
April 29th, 2025
Coinbase is still enjoying a relatively healthy market sentiment as its stock price and target seem unperturbed by the SEC’s lawsuit.
Coinbase chief of legal said that the Court should grant a mandamus since the SEC’s delay is severely impacting the industry.
Earlier this year, the Seattle-based crypto exchange Bittrex announced its intent to wind down all its operations in the United States following heightened regulatory scrutiny by the SEC.
Sources familiar with the matter said that Binance.US has been laying off employees from the legal, compliance and risk departments.
The SEC has received an official application from BlackRock for a spot Bitcoin ETF to help investors benefit from BTC without direct access.
Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout.
Patrick McHenry intends to hold a committee vote on a detailed crypto regulatory structure. Reactions about the use of crypto still make it unclear how things will turn out.
Several market analysts, including Dylan LeClair and Cory Klippsten, CEO of Swan Bitcoin, have voiced concerns about Binance’s alleged activities in manipulating the market.
The crypto industry and market participants, including Coinbase, require clear guidance to navigate compliance obligations effectively and ensure regulatory alignment.
Saylor believes huge institutional money will proliferate the Bitcoin market as confusion and anxiety subside with increased crypto regulatory clarity.
The documents might help the likes of Ripple, Coinbase and other businesses that have had a run-in with the SEC.
The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week.
The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector.
The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities.
The delisting of these crypto assets by eToro may hurt their prices and liquidity as they will lose access to a large and active customer base.