[ad_1] Victims were lured to download the apps with promises of high returns from investing in crypto and other products, which the lawsuit described as “illusory.” When victims attempted to withdraw their balances, they would be asked to pay various fees to recover their investments and purported gains, according to the filing. [ad_2] Source link
[ad_1] “This is a fairly extreme case of a regulator wanting to have its cake and eat it too,” Dave Rodman, founder and managing partner at Rodman Law Group, told CoinDesk. “After all, the SEC deemed Coinbase sound enough to list on a US stock exchange, and it appears that it is backpedaling.” [ad_2] Source … Read more
[ad_1] Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next could have serious consequences for the wider industry’s clashes with the regulator. [ad_2] … Read more