Nikhilesh De / CoinDesk:
Coinbase requests to file an amicus brief to support Ripple’s case against the US SEC, which sued Ripple for allegedly selling XRP as an unregistered security — The crypto exchange joins a trade group and other groups in arguing the SEC’s case threatens the broader industry.
Mat Di Salvo / Decrypt:
Coinbase says Coinbase Wallet will no longer support Bitcoin Cash, Ethereum Classic, Ripple XRP, and Stellar due to “low usage”, starting January 2023 — America’s biggest crypto exchange has scrapped a number of assets from its self-custody mobile app citing waning customer interest.
Nikhilesh De / CoinDesk:
Filing: crypto exchange FTX US is under investigation by Texas’ securities regulator over allegations it offers unregistered yield-bearing securities products — Texas securities regulator’s director said he set up a yield-bearing account on FTX US, despite identifying his address as being located within the U.S.
Ryan Browne / CNBC:
Ripple says it is effectively “operating outside of the US” due to its legal fight with the SEC and is seeking a license in Ireland to drive EU expansion — – Ripple is expanding its presence in the EU, where it plans to “passport” its services through an entity in Ireland, General Counsel Stuart Alderoty told CNBC.
Sam Goldfarb / Wall Street Journal:
Coinbase’s stock has dropped 81% in 2022, taking its market cap down from $81B at its IPO to $11B, as the broader crypto market falters and investors lose faith — Prices of exchange’s bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin
Matt Robinson / Bloomberg:
Source: the SEC is investigating whether Yuga Labs, creators of Bored Ape Yacht Club NFTs, violated securities laws by selling its NFTs and ApeCoins — The US Securities and Exchange Commission is investigating Yuga Labs Inc., the creator of the popular Bored Ape Yacht Club collection of NFTs …
Greg Stohr / Bloomberg:
Tech industry groups that include Meta and Google ask SCOTUS to overturn the Texas social media content moderation law, arguing it violates the First Amendment — Trade groups that represent Meta Platforms Inc. and Alphabet Inc.’s Google said they asked the US Supreme Court to overturn …
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