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Breaking: #Coinbase Challenges #SEC Denial: Filing Closing Brief in Rulemaking Dispute

🔵Today Coinbase Filed closing brief challenging SEC's denial of rulemaking petition in Third Circuit.

🔵Core of case revolves around a single sentence in SEC order lacking reasoned decision-making.

🔵Argues SEC lacks proper authorization from Congress to claim broad jurisdiction over new industry without clear rules.

🔵Third Circuit's consideration appreciated; commitment to advocating for industry clarity reiterated.

#Crypto #CryptoNews #TheSEC #Legal #Law #Regulation
Top #CryptoNews This Week

1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)

2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.

3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.

4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.

5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.

6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.

7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.

8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.

9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.
📊 Top 5 #Crypto Exchanges by Trading Volume! 🚀💰

1️⃣ #Binance: $14,455,213,259.79
2️⃣ #Coinbase: $1,943,335,963.46
3️⃣ #OKX: $2,042,986,965.06
4️⃣ #Bybit: $4,209,395,735.01
5️⃣ #Upbit: $920,690,331.03

These exchanges are dominating the crypto market with massive trading volumes. Which one is your favourite?

Let us know in the comments.
BREAKING : #Coinbase has filed a lawsuit against the #SEC and #FDIC, alleging that federal regulators are attempting to exclude the crypto industry. #CryptoNews

https://assets.ctfassets.net/sygt3q11s4a9/1ka1UOZIsHttbrwYiVS7jV/2b34ef92cfd95bdcf07e2baab938d54f/-1-_FDIC_FOIA_Complaint.pdf
Top #CryptoNews in Past 12 Hours

🔵German MP Joana Cotar criticized the government for selling
#Bitcoin, fearing it would destabilize markets.

🔵Taiwan Mobile Co., Ltd., Taiwan's second largest telecom operator, applied and opened its own cryptocurrency exchange.

🔵On July 5, 2024,
#MtGox's Rehabilitation Trustee repaid some creditors in Bitcoin and Bitcoin Cash.

🔵
#Coinbase argued in a recent letter to a district court judge that accessing SEC Chair Gary Gensler's private communications was crucial for their defense.

🔵Mt. Gox transferred 47,229 Bitcoin, valued at $2.71 billion, to a new wallet address.