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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • Home
  • Crypto
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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Home Web 3

Coinbase is Suing the SEC

July 12, 2024
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TL;DR

  • Coinbase is suing the SEC, alleging it and FDIC failed to comply with Coinbase’s Freedom of Information Act requests, in a deliberate attempt to cut crypto companies off from the banking system.

Full Story

You know how Al Capone was locked up, not for the estimated hundreds of deaths he ordered, but for tax evasion?

(Seriously).

From the outside looking in, it was a weirdly roundabout legal strategy — but it worked!

Same thing goes for Coinbase’s new case against the SEC.

From the crypto industry’s perspective, the SEC has been wildly opaque about it’s enforcement — refusing to state how it categorizes a range of cryptocurrencies and blockchain products, before charging companies with securities fraud for selling them.

(I.e. not sharing the rules of the game, then suing folks for not playing by them).

…but that’s a hard case to argue (and win) in court.

So Coinbase is doing what the government did to Capone, and finding a workaround, alleging the SEC and FDIC failed to comply with Coinbase’s Freedom of Information Act (FOIA) requests.

Requests that would have given them a better understanding of the rules that the SEC wanted them to play by.

But whether or not this approach will work is still muddy.

Legal experts have been quick to note that FOIA lawsuits are an uphill battle, given most government agencies have broad disclosure exemptions.

At the end of the day — win, lose, or draw — it’s just nice to see some pushback.

See also  Prominent Customer Communications Management Market Share Trend for 2025: Technological Advancements Transforming The Landscape Of Customer Communication Management
Tags: CoinbaseSECSuing

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August 3, 2024

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Project Awakening Playtest Starts May 21st

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Are Mt. Gox Repayments About to Crash the Market?

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