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Crypto
Coinbase Disputes SEC’s Allegation That the Exchange Lists 9 Crypto Securities – Regulation Bitcoin News
Nasdaq-listed crypto alternate Coinbase has disputed the allegation by the U.S. Securities and Change Fee (SEC) that 9 of the crypto property traded on its platform are securities. The corporate’s chief authorized officer confused: “Coinbase doesn’t listing securities. Finish of story.”
Coinbase Insists It Does Not Listing Crypto Asset Securities
The U.S. Securities and Change Fee (SEC) alleged that cryptocurrency alternate Coinbase listed 9 crypto asset securities in a grievance filed Thursday. The securities regulator charged a former Coinbase worker with “violating the antifraud provisions of the securities legal guidelines” associated to insider buying and selling.
The SEC acknowledged in its grievance that crypto tokens AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM are unregistered securities.
Nevertheless, Coinbase instantly disputed the SEC’s allegation that some cash traded on its platform are crypto securities. The alternate’s chief authorized officer, Paul Grewal, confused in a weblog publish Thursday: “Coinbase doesn’t listing securities on its platform. Finish of story.”
Grewal detailed:
The SEC alleges that 9 digital property concerned are securities. The DOJ reviewed the identical details and selected to not file securities fraud fees towards these concerned.
The Coinbase chief authorized officer proceeded to reference a press release by Caroline Pham, a commissioner with the Commodity Futures Buying and selling Fee (CFTC), stating that the SEC’s motion is “a placing instance of ‘regulation by enforcement.’”
He added:
We agree with Commissioner Pham and, respectfully, 100% disagree with the SEC’s determination to file these securities fraud fees and the substance of the costs themselves.
Grewal claimed that “Coinbase has a rigorous course of to research and evaluation” every crypto asset earlier than itemizing and buying and selling on its platform.
“This course of consists of an evaluation of whether or not the asset could possibly be thought of to be a safety, and likewise considers regulatory compliance and knowledge safety facets of the asset,” he described.
The chief authorized officer famous that Coinbase cooperated with the SEC’s investigation of the previous Coinbase worker’s insider buying and selling case. Noting that seven of 9 crypto property talked about by the SEC within the grievance are listed on the Coinbase platform, he mentioned:
As a substitute of getting a dialogue with us in regards to the seven property on our platform, the SEC jumped on to litigation.
The Coinbase officer asserted: “The SEC’s fees put a highlight on an vital drawback: the U.S. doesn’t have a transparent or workable regulatory framework for digital asset securities.”
On Thursday, Coinbase additionally introduced that it has filed a petition with the SEC requesting the regulator to “start rulemaking on digital asset securities.” The alternate detailed: “Our petition calls on the SEC to develop a workable regulatory framework for digital asset securities guided by formal procedures and a public notice-and-comment course of, reasonably than by way of arbitrary enforcement or steerage developed behind closed doorways.”
What do you concentrate on Coinbase disputing the SEC’s allegation that some crypto tokens traded on its platform are securities? Tell us within the feedback part beneath.
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GRANT, Minn. (FOX 9) – A Washington County family was reportedly kidnapped and held hostage at gunpoint for hours by two Texas brothers who ultimately took more than $72,000 in cryptocurrency.
Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, were each charged via warrant with three counts of kidnapping, three counts of first-degree burglary, and one count of first-degree aggravated robbery for their alleged roles.
The incident led to the Washington County Sheriff’s Office issued a shelter in place order while they searched for the suspects. The incident ultimately led to the cancellation of a high school homecoming football game in Mahtomedi.
Home invasion and cryptocurrency theft
The backstory:
According to the criminal complaint, a 911 call was received at approximately 4:45 p.m. on Sept. 19 from someone in Grant, Minnesota, stating that he and his family had been kidnapped and were being held hostage at gunpoint in their home.
The complaint details that on Sept. 19, a man was taking out the garbage at around 7:45 a.m. when the armed brothers allegedly forced him back into the garage and bound his hands with zip ties. The men then woke up the two other people in the house, also binding them.
Raymond Garcia is accused of holding the 911 caller and his mother hostage for nine hours while armed with an AR-15-style rifle. Police said the upstairs bedroom door was tied shut with wire and needed to be cut in order to free them, according to the complaint.
Meanwhile, Isiah Garcia, armed with a shotgun, allegedly forced the man to log into his cryptocurrency wallet and transfer over $36,000 to an unknown account, charges state. After learning of a separate crypto wallet kept at the family cabin in Jacobson, Minnesota, Isiah Garcia allegedly forced the man to drive three hours and transfer the additional cryptocurrency, valued at over $36,000.
According to the complaint, the victim believed some of his crypto account information had been leaked during a data breach. The charges note that the men were frequently on the phone with an “unknown third party who directed [them] to transfer the cryptocurrency.”
The victim inside the house called 911, and multiple squad cars passed Isiah Garcia as they were driving back from the cabin. Isiah Garcia then turned the truck around, parked, and fled on foot before discarding the shotgun in a nearby field, charges allege.
Raymond Garcia was seen on camera running out the back door of the home. During a search of the area, authorities recovered an AR-15 rifle in a suitcase located in the tree line behind the home, charges said.
Brothers arrested in Texas
The investigation:
According to the complaint, Isiah Garcia rented a car near Houston, Texas, on Sept. 16 and drove to Minnesota. The vehicle’s GPS data placed the car near the victim’s home and a motel in Roseville. On Sept. 21, Isiah Garcia was taken into custody while driving the same rental car in Texas.
Raymond Garcia went to authorities on Sept. 22 to report that his AR-15 had been stolen in Waller, Texas. During a search of the brother’s home in the Waller area, authorities reportedly found a firearm box with a serial number matching the AR-15 recovered in Minnesota.
At the time the criminal complaints were filed, both men were in custody in Texas.
The Source: This story uses previous FOX 9 reporting and information from a Washington County criminal complaint.
By William Janes ( September 23, 2025, 2:12 PM BST) — Five people have been arrested on suspicion of carrying out a €100 million ($118 million) cryptocurrency fraud in a joint international operation by law enforcement agencies across Europe, a European Union law authority said Tuesday….
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