Tag: Coinbase Global Inc.
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A ‘wild outcome’: How the Ripple decision scrambles the battle between SEC and crypto industry
[ad_1] A federal judge dealt a significant blow Thursday to Security and Exchange Commission Chair Gary Gensler’s quest to bring the crypto industry to heel, but securities-law experts warn that the legal and political implications of the decision are difficult to predict and may not prove to be a lasting victory for investors in digital…
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Coinbase’s spectacular stock surge after Ripple ruling sparks fierce debate
[ad_1] Coinbase Global Inc. shares roared more than 24% higher Thursday in the wake of a judge’s ruling on a case involving cryptocurrency tokens, fueling debate on Wall Street over what the decision means for Coinbase’s own regulatory headaches. See more: Ripple token not a security in retail sales, judge rules in partial win for…
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Crypto bulls are thrilled by court ruling that XRP isn’t always a security
[ad_1] Hi! Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. Crypto bulls are excited that a federal judge on Thursday ruled XRP, a token associated with Ripple Labs, isn’t a security when sold to the public in a programmatic on digital-asset exchanges. XRP rallied almost 70% Thursday to around $0.78, representing…
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Coinbase’s stock has been on a surge, but analyst says the pop ‘may prove short-lived’
[ad_1] Coinbase Global Inc. shares have been on a tear over the past two weeks, but an analyst warns that enthusiasm for the stock “may prove short-lived.” Berenberg Capital Markets analyst Mark Palmer attributed the more than 30% rally in Coinbase’s stock COIN, +2.09% since June 15 in part to optimism about BlockRock’s application with…
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SEC’s crypto crackdown is ‘CYA’ move after its whiff on FTX, Republican congressman says
[ad_1] “‘He was out bashing Kim Kardashian, because she’s promoted crypto on some Super Bowl ad or something, when he should have been overseeing FTX, the biggest fraud and the biggest malfeasance in American financial history. And he’s opened up this year, in 2023, with all these enforcement actions, I think it looks like CYA…