March 5th, 2026
Coinbase shares edged 7.56 per cent higher on Monday to close the day trading at $61.07.
Grayscale also noted that it doesn’t believe that Filecoin is security and seeks to respond to the SEC staff with a legal basis for their position.
The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges.
Brad Garlinghouse said that many other jurisdictions have done a better job than the US in providing clarity to crypto players.
US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market.
Observers believe Wednesday’s XRP price pump indicates that Ripple has the upper hand in its ongoing litigation with the SEC.
According to the UBS post-acquisition plans, it is going to implement a phased integration of the Credit Suisse brand which may last a couple of years.
The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore.
The regulator argues that it is under no obligation to meet the requirements outlined in Coinbase’s recent petition.
If the US SEC classifies cryptocurrencies as securities, OTC Markes will be well-positioned in providing liquidity to these assets in the future.
In addition, the SEC raised a fresh allegation against Musk for tweeting that Tesla would produce around 500,000 cars this year.
Identifying the platform’s inability to pay a massive sum of $22 million as penalty in violations of the securities laws, the SEC has revised the penalty to $111,000.
With crypto giant Coinbase seeking a license to operate in Bermuda, the country’s crypto market is buzzing with activity of more US firms showing interest.
A growing number of US-based crypto companies are considering leaving the country due to increasingly harsh SEC crackdowns.
The Coinbase Global Advisory Council will work together with top executives among other regulatory council members for the same common goal.