Lummis backs Coinbase with amicus brief slamming SEC for hampering efforts to regulate crypto

US Senator Cynthia Lummis has filed an amicus brief supporting Coinbase in its ongoing legal battle against the Securities and Exchange Commission (SEC), accusing the agency of exceeding its authority and undermining congressional oversight. The Wyoming Republican, a long-time advocate for crypto, described the SEC’s enforcement-driven regulatory strategy as a violation of constitutional principles. Amicus…

Coinbase CEO Proposes Revamp of Token Listing Process

Brian Armstrong, who heads the largest crypto exchange in the United States, Coinbase, has suggested a rethink of the company’s token listing process to respond to the incredibly high number of digital currencies being created every week. According to the crypto executive, approximately one million tokens are launched weekly, making it impossible to evaluate each…

Bitwise Files To Launch Dogecoin ETF

Crypto asset manager Bitwise has uploaded documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE), a filing with the US. Securities and Exchange Commission on Tuesday shows. The filing, an S-1 document, is a requirement for companies seeking to issue a new security and be listed on a public stock…

Coinbase secures approval to launch crypto exchange in Argentina

Coinbase has received approval to launch its platform in Argentina after successfully registering as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV), according to a Jan. 28 announcement. Fabio Plein, Coinbase’s Director for the Americas, highlighted that crypto “isn’t just an investment” for Argentinians but rather a necessity for regaining control…

Ripple Secures Money Transmitter Licenses in New York and Texas, Expanding US Operations

Digital asset infrastructure company Ripple has announced securing Money Transmitter Licenses (MTLs) in New York and Texas. With these new licenses, Ripple now holds over 50 MTLs. Both Texas and New York have strict regulatory frameworks and high compliance standards. Ripple’s MTL Expansion According to the official press release, Ripple Payments’ Money Transmitter Licenses (MTLs)…