NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Coinbase Seeks SEC Approval to Become Licensed Brokerage

newsbtc
newsbtc
1 year ago
2 mins read
coinbase

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Coinbase has made moves to become registered with the US Security Exchange Commission as a licensed brokerage firm and electronic-trading venue according to the Wall Street Journal.

Coinbase Seeks SEC Approval

The San Francisco based company is one of the largest platforms in the world for trading Bitcoin and other cryptocurrencies. It is currently valued at $1.6 billion according to the Wall Street Journal. The company declined to officially comment on its application, however the report indicates that Coinbase representatives have met with SEC officials in recent weeks to begin the process of registering with the agency. This step would allow Coinbase to add digital tokens that the SEC has ruled as securities and could up the ante for other crypto exchanges to follow suit and register as well.

For the SEC’s part, it has yet to decide which cryptocurrencies are to be considered securities. The Commision has recommended platforms and investors follow the Howey test, created by the supreme court in 1946, to determine whether a digital token can be considered an unconventional financial vehicle requiring the same regulations as stocks and bonds.

Many in the cryptocurrency world have remained hostile towards regulation in part because of its muddy definitions but Coinbase has been the platform that brought trading to the masses from its inception and strives to be “the Google of cryptocurrencies” as VP Dan Romero told Business Insider.

Registering with the SEC would allow Coinbase to expand on the four coins it already lists – Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.

Coinbase President Wants Clear Regulations

Coinbase President Asiff Hirji spoke to CNBC about the disparity in regulatory certainty saying that,

“As soon as there is more regulatory clarity than there currently is you would expect us to start listing more assets.”

Currently, the company’s policy is to only list tokens it judges stable as opposed to the bulk of alternative coins in the market that remain volatile and subject to intense price fluctuations.

Though Coinbase today is making the effort to conform to SEC regulatory requirements it has only recently run afoul of Federal authorities.

Just last year the company fought the IRS on its demand that they release information on customers who had profited from trading through their exchange. Ultimately Coinbase was forced to hand over that information on 14,000 customers who had made transactions amounting to over $20,000 between 2013 and 2015.

If and when Coinbase is registered as a broker it will only be allowed to offer tokens which have already been registered for sale with the SEC by their issuers. This would require token issuers providing investors with documents that give full financial disclosure, a move that can be avoided if sales are limited to institutions.

One other company has registered with the SEC as a brokerage firm. Templum LLC operates as a licensed brokerage firm and alternative trading system that has plans to offer a platform for selling and trading regulated tokens.

 

Image from Shutterstock
Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In

Ethereum’s smart-contract platform has crossed a major line. According to data shared by Token Terminal on X, the total value...

Christian Encila 1 hour ago
Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Len málo tokenov vyvolalo toľko rozruchu a sympatií ako Dogecoin. To, čo začalo ako vtip, sa vďaka memom, nadšeniu malých...

newsbtc 3 hours ago
Bitcoin price crash

50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target

Despite the Bitcoin price holding up quite nicely above $100,000 and remaining very close to its all-time high levels, there...

Scott Matherson 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum raggiunge i 6 miliardi di dollari in fondi tokenizzati mentre i grandi investitori entrano in gioco.

clararosati 14 minutes ago

Letni zastój na rynku Bitcoina? Niektóre wolumeny najniższe od lat

newsbtc 27 minutes ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 1 hour ago

Premium Sponsors

Press Releases

  • ビットコイン23万ドル予測、注目の仮想通貨プレセールにも期待高まる

    ...

    10 minutes ago
  • EU全域でMiCA承認急増──仮想通貨おすすめの新時代到来か?

    ...

    23 minutes ago
  • ドージコイン DOGE に代わる仮想通貨おすすめ銘柄が今年大きな成長を遂げる見込み

    ドージコイン DOGE...

    33 minutes ago
  • こちらがご希望のリライト案です。キーワード「アルトコイン」をタイトルの最初に入れています。

    ...

    58 minutes ago
  • Mobile phone is a mining machine! ETHRANSACTION launches...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.