In the wake of back-to-back SEC lawsuits, Binance CEO Changpeng Zhao had $1.4 billion slashed from his fortune, while Coinbase boss Brian Armstrong saw his net worth dip by $361 million.
Just 24 hours after suing Binance, Wall Street’s top regulator sued Coinbase for allegedly acting as an unregistered broker.
Coinbase CEO Brian Armstrong, 40, saw his net worth dip by $361 million after the SEC accused his crypto exchange of operating as an unregistered broker.Both civil cases are part of SEC Chair Gary Gensler’s efforts to assert more oversight over crypto markets, which he has called the “Wild West” of investing.that the company has a “demonstrated commitment to compliance,” and said that it would continue business as usual.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
SEC lawsuits squeeze net worths of Coinbase and Binance CEOsBinance's Changpeng Zhao and Coinbase's Brian Armstrong have suffered respective net worth losses of 5.1% and 11.8% in the hours following lawsuits by the Gary Gensler-led SEC.
Les mer »
Coinbase Shares Drop 10% Following SEC’s Suit Against BinanceShares of Coinbase ($COIN) fell 10% after news broke that the SEC was suing Binance for violating federal securities laws. HeleneBraunn reports
Les mer »
Coinbase shares plummet as SEC sues rival crypto exchange BinanceCoinbase's shares lost as much as 12% after news broke that the SEC was suing rival exchange Binance.
Les mer »
Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg SaysAt least 37% of Coinbase's net revenue could be at risk if that exchange is subject to charges from the SEC, said one analyst. $COIN Aoyon_A reports
Les mer »
Coinbase stock falls 10% after SEC sues Binance for unregistered securitiesCoinbase falls 10% after the SEC sues rival crypto exchange Binance for violating securities law
Les mer »
Coinbase sued by SEC one day after regulator sues BinanceThe United States Securities and Exchange Commission has struck again — this time suing Coinbase — one day after filing a lawsuit against exchange Binance.
Les mer »