All articles tagged with #securities violations
A class-action lawsuit accuses Steve Bannon and Boris Epshteyn of promoting the Lets Go Brandon Coin memecoin as a serious financial project while allegedly exercising centralized control, misrepresenting its decentralization and real-world utility, and involving unregistered securities concerns; the coin was originally launched on Binance Smart Chain and is tied to broader political-crypto tensions under regulatory scrutiny.
The SEC has issued a Wells notice to Coinbase, indicating that the exchange may be operating in violation of securities laws related to its spot market, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. Coinbase has until March 29 to respond to the notice. The company has publicly criticized the SEC for its vague regulatory structure and has petitioned the regulator to explain how digital assets could fit within securities laws. Coinbase CEO Brian Armstrong tweeted that the company welcomes a legal process to provide clarity and demonstrate that the SEC has not been fair or reasonable in its engagement on digital assets. Shares of Coinbase were down more than 11% after-hours on Wednesday following the release of the news.