The latest price moves in bitcoin (BTC) and crypto markets in context for April 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Washington’s “war in crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.
Ripple has spent over $100 million fighting the SEC. Financial advisors should pay attention to Ripple’s trial, as it could have significant consequences to how we define securities.
Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission.
The exchange denies that any of the tokens former Coinbase manager Ishan Wahi inside-traded with associates were securities because Coinbase doesn’t list securities – but it would like to if the SEC gave it proper rules and guidance.
Judge Michael Wiles of the Southern District of New York questioned a U.S. Securities and Exchange Commission attorney over the agency’s concerns that Binance US may be operating an unregistered securities exchange.