Coinbase Takes Aim at CFTC’s Definition of ‘Gaming’ in Proposed Prediction Market Rules
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
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Coinbase
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
Technology should transcend the political divide, Coinbase’s Chief Legal Officer says.
Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.”
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.
Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus.
Coinbase (COIN) reported second-quarter earnings on Thursday.
Analysts expect Coinbase’s earnings to take a hit in the second-quarter as trading volume slowed down from the prior months. (PiggyBank/Unsplash)
Traders also are skeptical about China ‘unbanning’ bitcoin
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Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.