The SEC’s involvement with Coinbase has been a controversial topic since the popular digital currency exchange first launched in 2012. In March of 2018, the SEC released a statement clarifying its stance on digital currencies, stating that Bitcoin and Ethereum are not securities, but that some digital tokens may be classified as such.
This statement caused Coinbase’s share value to drop by nearly 9% in a single day.
The SEC has since been quiet on the subject of Coinbase, leading many to wonder if the regulatory agency is planning to take any action against the popular exchange. In June of 2018, it was revealed that the SEC had begun investigating whether or not Coinbase had violated securities lAWS in its handling of the launch of Bitcoin Cash on its platform.
NOTE: WARNING: Coinbase is not currently regulated by the Securities and Exchange Commission (SEC). Although Coinbase is registered with FinCEN as a Money Services Business, it does not fall under the jurisdiction of the SEC. As such, investors should be aware that investing in digital assets through Coinbase carries additional risks due to lack of regulatory oversight. It is highly recommended that investors consult a financial advisor or legal counsel prior to investing in any digital asset.
However, no official action has been taken by the SEC against Coinbase, and it remains to be seen if they will take any further action in the future.
At this time, it does not appear that the SEC is planning to regulate Coinbase directly. However, given the agency’s recent statements and actions regarding digital currencies, it is possible that they may take action against the exchange if they believe it has violated securities lAWS.
For now, Coinbase remains one of the most popular digital currency exchanges available, and users can continue to buy and sell cryptocurrencies on the platform without fear of regulatory interference.
5 Related Question Answers Found
The SEC is not currently suing Coinbase. However, it is investigating the company over possible securities law violations. This is due to the way Coinbase allows users to buy and sell digital currencies on its platform.
As of now, Coinbase does not have its own coin. This may change in the future as the company has hinted at plans to launch its own token. For now, though, users can only trade the major cryptocurrencies that are listed on the exchange.
If you’re looking to cash out your Bitcoin, you’re in luck. Coinbase allows its users to withdraw their Bitcoin instantly. Here’s how it works:
Once you’ve chosen the amount of Bitcoin you’d like to withdraw, simply click on the “Withdraw” button.
As of now, Coinbase does not support Ethereum Classic (ETC). This is because Coinbase considers Ethereum Classic to be a fork of Ethereum (ETH), and not a separate cryptocurrency. Forks happen when the community doesn’t agree on updates to the cryptocurrency’s software.
If you’re new to Coinbase, you may be wondering about the various order types available to you when buying or selling cryptocurrencies. One type of order that doesn’t seem to be available on Coinbase is a limit order. So, does Coinbase have no limit orders?
