Tagged: paul grewal

July 8, 2023 @ 5:15 pm By Omar Faridi  |  

Paul Grewal, the Chief Legal Officer at digital asset firm Coinbase (NASDAQ:COIN), recently noted that after Coinbase gave notice of it intent to move to throw out their case agiast the US Securities and Exchange Commission (SEC), they had reportedly “consented to a few extra… Read More

June 6, 2023 @ 10:32 am By JD Alois  |  

Following the revelation of charges filed against Binance and its founder, the Securities and Exchange Commission (SEC) has filed similar charges against Coinbase (NASDAQ:COIN) – the US’s only publicly traded crypto exchange. The charges against Coinbase include operating an unregistered securities exchange, acting a broker,… Read More

May 30, 2023 @ 4:20 pm By JD Alois  |  

Former Coinbase (NASDAQ:COIN) executive Ishan Wahi and his brother, Nikhil Wahi, have agreed to settle charges leveled by the Securities and Exchange Commission (SEC). In mid-2022, the SEC announced the charges alleging insider trading. The defendants were allegedly benefiting from information prior to it becoming public… Read More

May 17, 2023 @ 9:22 am By JD Alois  |  

On Monday, Coinbase (NASDAQ:COIN) revealed that the Securities and Exchange Commission (SEC) has finally responded to its request for rulemaking on digital assets. That answer was as anticipated as the Commission declined to pursue new rules. Last month, Paul Grewal, the Chief Legal Officer of… Read More

April 27, 2023 @ 4:11 pm By JD Alois  |  

Coinbase (NASDAQ:COIN)  has posted a 73-page response to the Securities and Exchange Commission’s (SEC) Wells Notice which indicates a high likelihood of an enforcement action by the commission. Last month, Coinbase revealed it was in receipt of the Wells Notice while taking a defiant stance against… Read More

April 24, 2023 @ 10:45 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) is going on the offensive with the Securities and Exchange Commission (SEC) and its insistence that all digital assets are securities and thus regulated the same. In a blog post, Paul Grewal, the Chief Legal Officer of Coinbase, explained the company had filed… Read More

February 13, 2023 @ 1:47 pm By Omar Faridi  |  

As more of the crypto ecosystem adopts proof of stake over the more energy-intensive proof of work protocol, crypto users around the world are “being introduced to the benefits of ‘staking,” according to an update from Coinbase (NASDAQ:COIN). Paul Grewal, Chief Legal Officer at Coinbase,… Read More

January 4, 2023 @ 3:00 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) will pay $50 million to the New York Department of Financial Services (NYDFS) to settle a “compliance investigation.” Coinbase has been licensed by the regulator to conduct a virtual currency business and money-transmitting business in the State of New York since 2017. DFS… Read More

September 14, 2022 @ 10:48 am By JD Alois  |  

On Monday, the US Department of Justice announced it had received a guilty plea from the “first-ever cryptocurrency insider trading case.” Originally covered this past July, the Securities and Exchange Commission (SEC) simultaneously filed insider trading charges along with the U.S. Attorney’s Office for the… Read More

July 26, 2022 @ 8:57 am By JD Alois  |  

Coinbase (NASDAQ:COIN) recently worked with the Securities and Exchange Commission (SEC) to pursue an insider action investigation that ended up with three individuals, including a former Coinbase manager, being hit with a lawsuit by the SEC as well as parallel criminal charges from the US… Read More

July 22, 2022 @ 9:48 am By JD Alois  |  

In recent days, the Securities and Exchange Commission (SEC) filed an enforcement action alleging insider trading involving a former Coinbase (NASDAQ:COIN) manager and two other partners. Simultaneously, criminal charges were filed by the US Department of Justice. Buried within the SEC complaint was the statement… Read More

January 24, 2022 @ 2:02 pm By Omar Faridi  |  

Paul Grewal, Chief Legal Officer at digital assets firm Coinbase (NASDAQ: COIN), has shared an update titled, Proof of Alignment, which explains what the company has done to align themselves with their clients and what they’re planning to do next. As noted by Grewal, Coinbase… Read More

January 28, 2021 @ 7:41 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) confirmed that it will be actively looking at stablecoins which are digital assets pegged 1-to-1 with major world currencies such as the US dollar, British pound, the Euro, the Singapore dollar, among many others. Nisa Amoils, a securities… Read More

January 26, 2021 @ 7:47 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has requested a rulemaking pause from the Financial Crimes Enforcement Network (FinCEN) following the Biden White House guidance to agencies. Coinbase writes in a letter that was reportedly shared with Kenneth Blanco, Director, FinCEN on January 25, 2021, that after… Read More

December 22, 2020 @ 8:24 pm By Omar Faridi  |  

On December 19, 2020, the Financial Crimes Enforcement Network (FinCEN) published a 72-page notice of proposed or suggested rulemaking, titled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets,” which could impose new and “onerous” reporting and recordkeeping requirements for virtual currency transactions,… Read More

November 25, 2020 @ 4:56 pm By Omar Faridi  |  

Paul Grewal, Chief Legal Officer at crypto exchange Coinbase, has confirmed that they’ve disabled margin trading on the platform. Grewal says that the move has come as a response to new guidance provided by the US Commodity Futures Trading Commission (CFTC). Grewal noted in a… Read More

October 19, 2020 @ 9:00 am By Omar Faridi  |  

Paul Grewal, Chief Legal Officer at Coinbase, says that trust is built through “transparency and honesty.” Grewal, the former VP and Deputy General Counsel at Facebook, writes in a blog post that as Coinbase continues its journey toward becoming the “most trusted” venue for traders… Read More