Archive: SEC
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Crypto Monitor: The SEC’s Inconsistent Investor Protections
By Early Investing on June 9, 2023
It’s been a rough week. The SEC sued Coinbase and Binance. And a lot of coins have been called out by name in those lawsuits. The SEC declared that Solana, Cardano, Cosmos, Polygon, COTI, Decentraland, Algorand, Filecoin, The Sandbox, Axie Infinity, Chiliz, Flow, Internet Computer Protocol, NEAR Protocol, Voyager Token, Dash, and Nexo are all unregistered securities. Given that, we’re selling our Decentraland position and recommend investors do the same. But hold on to Cosmos. …
The SEC Can’t Kill Crypto
By Vin Narayanan on June 9, 2023
We’re entering a new phase in the development of the crypto ecosystem. The era of crypto exchanges and crypto businesses operating without any regulatory oversight are coming to an end. The European Parliament voted 517-38 in April on a comprehensive package of new rules aimed at…
Six Coins You Need to Sell
By Vin Narayanan on June 8, 2023
It’s been a week. On Monday, the SEC sued Binance, saying the crypto exchange had shown “blatant disregard of the federal securities laws.” And on Tuesday, the SEC sued Coinbase for acting “as an exchange, a broker, and a clearing agency, without registering as an exchange, broker, or…
Crypto Insider: How Crypto Investors Can Fight for Regulatory Clarity
By Early Investing on May 17, 2023
Last July, Coinbase asked the SEC to undergo a formal rulemaking process for crypto so that exchanges, crypto startups, and the crypto community at large would understand how to operate. The SEC sat on the request and chose not to respond to it. So last month Coinbase…
Get Your Investing Mojo Back
By Vin Narayanan on May 12, 2023
Crypto Market Musings Bitcoin is trading around $27,000 as of this writing and is down about 6.5% over the last seven days. Ethereum is trading around $1,800 and is down about 4.5% over the same time period. Welcome to crypto allergy season. Some weeks will be good. Some…
Federal Court Gives the SEC a Deadline to Respond to Coinbase
By Vin Narayanan on May 5, 2023
Crypto Market Musings Bitcoin is down around 0.7% over the last seven days. Ethereum is down about 0.4% over that same time period. And Monero is up about 1.8%. Conflicting macro narratives appear to be driving the market. Inflation is proving to be stubborn, and the…
Crypto Insider: Coinbase Sues the SEC
By Early Investing on May 3, 2023
Crypto regulations are still a confusing mess. And now Coinbase is suing the SEC to try to force regulators to choose a path forward. In the lawsuit, Coinbase asks that the SEC be forced to publicly share its answer to a petition Coinbase filed in July…
The Kind of Regulatory Moment Crypto Needs
By Vin Narayanan on April 28, 2023
Crypto Market Musings As I write, bitcoin is trading around $29,000. Ethereum is trading close to $1,900. And the rest of the markets are a mess. Welcome to crypto allergy season, everyone. The bear market is over. The bull market hasn’t started. That means cryptos aren’t…
New Pick: An Ethereum Scaling Solution With Impressive Early Growth
By Vin Narayanan on April 21, 2023
I don’t think we’re in a crypto bull market yet. There’s too much near-term regulatory uncertainty with the SEC going after Coinbase and Bittrex and declaring Algorand (ALGO), Dash (DASH), OmiseGO (OMG), and others securities. That combined with economic uncertainty and inflation concerns means there is still significant…
Crypto Insider: Gary Gensler Slammed for Confusing Crypto Regulations
By Early Investing on April 19, 2023
On Tuesday, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House about the SEC’s crackdown on crypto. And it wasn’t pretty. Gensler declined to answer some very direct questions about conflicting and confusing regulations. House Republicans, including House Financial Services Committee Chair Patrick…
The Biggest Threat to the Crypto Market Right Now
By Early Investing on April 7, 2023
Between the SEC going after crypto exchanges and anyone who seems to promote crypto, the Fed warning banks not to work with crypto, and Congress failing to provide any kind of guidance, it seems like we’re witnessing a coordinated government effort to kneecap crypto. It’s regulation…
Crypto’s Two Biggest Exchanges Get Heat From Regulators
By Vin Narayanan on March 31, 2023
Crypto Market Musings Bitcoin broke through the $28,000 barrier (and for one brief moment topped $29,000) on Wednesday after spending about a week trading in the $27,000 range. It’s currently trading at $28,460.27. Most cryptos rallied behind bitcoin’s big Wednesday surge (more than 5%). Ethereum jumped…
Why CBDCs Aren’t a Threat to Crypto
By Yasmin Sharbaf on February 24, 2023
Crypto Market Musings One of the catalysts for our current crypto bear market was the collapse of Terra in early 2021. As a refresher, the algorithmic stablecoin TerraUSD failed to maintain its $1 peg. That caused its companion coin Luna to collapse. The twin collapses rocked the crypto…
Crypto Monitor: The SEC Might Be After Crypto Staking
By Early Investing on February 17, 2023
Crypto stakers, look out — U.S. regulators may be coming for you. Coinbase CEO Brian Armstrong alluded to a troubling rumor last week on Twitter: We’re hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I…
Crypto Monitor: The Fed’s Fight Against Inflation
By Early Investing on February 10, 2023
It’s been an interesting start of the year for the crypto market. From banking regulators worrying about crypto risks to institutions exploring DeFi to a major crypto exchange shutting down its staking operations…
Crypto Regulations Are on the Horizon
By Vin Narayanan on December 14, 2022
I had planned on writing about startups today. A major scientific breakthrough in fusion happened this week. The implications for humanity and startups are astounding. But then two massive crypto stories broke, so startups (and fusion) will have to wait.