Coinbase has filed a legal action against the SEC to push for new rules on digital asset trading. Gemini's motion to dismiss the SEC complaint was denied, allowing discovery into alleged violations. Binance faces a class action lawsuit for allegedly offering unregistered securities to U.S.-based investors.
JUST IN: NY JUDGE RULES @SECGOV CAN MOVE FORWARD WITH LENDING LAWSUIT AGAINST @GEMINI & GENESIS ON BASIS THAT LENDING FALLS UNDER U.S. SECURITIES LAWS
The SEC can proceed with its suit accusing Gemini and bankrupt cryptocurrency lender Genesis of illegally offering unregistered securities through their interest-paying Gemini Earn product. https://t.co/MfORejcKjm
2d Cir says Binance has to face class action by U.S.-based crypto investors who allege the exchange allowed them to buy/trade unregistered securities in form of cryptocurrencies. Binance said it was head-quartered nowhere, US laws not apply. https://t.co/r5zRc5yMqw
US judge denies motions to dismiss SEC's lawsuit against Gemini Earn program https://t.co/JyMwpGMoGP
Summary of the SEC v. Genesis and Gemini order on defendants' motion to dismiss. 1) SEC has alleged enough now to allow them discovery into facts establishing that Gemini Earn program violated the securities laws under both the Howey and Reeves tests. 2) Howey is really… https://t.co/CiLyQVrfZT
Summary of the SEC v. Gemini order on the motion to dismiss. 1) SEC has alleged enough now to allow them discovery into facts establishing that Gemini Earn program violated the securities laws under both the Howey and Reeves tests. 2) Howey is really flexible and can be… https://t.co/ChdlvBOssD
Gemini's motion to dismiss its SEC complaint has been denied. OPINION & ORDER: re: 30 MOTION to Dismiss Pursuant to Rule 12(b)(6) filed by Gemini Trust Company, LLC, 33 MOTION to Dismiss the Complaint filed by Genesis Global Capital LLC, 44 LETTER MOTION for Oral Argument on…
San Francisco #Crypto Exchange #Coinbase Initiates Legal Action Against SEC’s Crypto Regulation Approach https://t.co/jaDvH4sqPg
Coinbase took its opening swing in an effort to force the SEC to write new rules around trading digital assets, telling a federal court the agency refuses to create a workable framework. https://t.co/vhRcrvcc1F