Crypto assets made their way onto the United States Securities and Exchange Commission’s list of priorities for 2023. So far, though, we haven’t tasted the “regulatory certainty” many have been calling for. Instead, the regulator threw the book at Kraken for allegedly failing to register its staking program. Coinbase (NASDAQ:) appears next on the chopping block, but its lawyers are ready to fight.
This week’s Crypto Biz newsletter delves into Coinbase’s defense of its staking program and its not-too-pleasant quarterly financials. We also look at the latest company to fall victim to Sam Bankman-Fried’s FTX.
Coinbase beats Q4 earnings estimates amid falling transaction volume
Coinbase staking ‘fundamentally different’ to Kraken’s — chief lawyer
Hedge fund closes operations after losing funds in FTX exchange: Report
Mastercard (NYSE:) to allow crypto payments in Web3 via USDC settlements
Before you go: Beware of Bing AI chat and ChatGPT pump-and-dump tokens