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.
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SEC Chair Gary Gensler criticized "those who seek to reduce information available to investors," including crypto industry participants who attempt to avoid registration and required disclosure requirements.
The Options Clearing Corporation proposed amendments to formalize the procedures under which it would adjust the parameters for calculating margin requirements during periods of high market volatility.
The equity exchanges submitted a new joint national market system plan "to govern the public dissemination of real-time consolidated equity market data for NMS stocks."
The SEC adopted final rules on (i) the mandatory clearing of transactions in Treasury securities and (ii) the application of the broker-dealer customer protection rule to Treasury securities.