The U.S. District Court for the Southern District of New York denied Coinbase's Motion for Judgment on the Pleadings in the SEC's case against the exchange, allowing the SEC to proceed with its lawsuit. The SEC alleges that the Coinbase operates as an unregistered exchange, broker and clearing agency.
News & Insights
The Fixed Income Clearing Corporation proposed rule amendments that are intended to make effective the SEC's recent adoption of requirements that members of a central clearing organization for U.S. government securities clear certain repo and cash market trades in U.S. governments.
The Board of Governors of the Federal Reserve adopted new operational risk management requirements for systemically important designated clearing organizations.
The CFTC issued Orders permitting the clearing activities of the Taiwan Futures Exchange and ICE NGX Canada.
Senate Banking Committee Chair Sherrod Brown urged Cameron Fowler, the CEO of Zelle, the instant payment platform co-owned by seven "Big Banks," to clarify the firm's policies protecting consumers from scams.