🥁 Coinbase Sues the SEC? | Trade With This AI Tool

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GM Cryptonians! Welcome to today's issue of BEN Beats 🔥

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Today's Topics

• Trending News 🗞️

• Top Story 🎤 - Coinbase and the SEC Plan to Sue Each Other

• Promo Codes for Upcoming Events 💫

• Helpful Tweet of the Day 🐦

• Web3 Tool of the Day⚒️ - Trade Crypto With This AI Tool

• Co-Founder Connect 🤝

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We don't know about you, but these days we feel like we're drowning in information. Keeping up with crypto is hard enough, never mind every other industry out there.

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Trending News 🗞️

1. Venmo, the cool younger sibling of PayPal, is gonna let you transfer cryptocurrency!

2. Signature Bank apparently failed because they weren't managing their stuff right and were taking some risky bets with crypto.

3. Solana Labs created an open-source implementation for a ChatGPT plugin that lets you chat directly with the network.

4. How Does Stardust Help Web3 Game Studios Avoid the Pokémon Go Problem?

5. The US Government holds 205,515 Bitcoins that are worth a whopping $6 billion! 

Meme Break 🤣

Main Stage 🎤

Coinbase and the SEC Plan to Sue Each Other

Last month, Coinbase received a Wells notice from the SEC, which is the SEC's way of accusing a company that they are violating security laws.

Thing is, Coinbase has actually been trying to register with the SEC, but after meeting 30 times over nine months, the SEC ghosted them harder than an ex during the bear market.

“The SEC staff agreed to provide feedback in January 2023. In January, the day before our scheduled meeting, the SEC canceled on us and told us they would be shifting back to an enforcement investigation.”

Well, the SEC finally broke the silence with their plan to sue Coinbase, and earlier this week, Coinbase Uno reverse-carded the notice with their own announcement to sue the SEC.

“We didn't list securities then, and we still don’t. We’d like to in the future, but the SEC has still not complied with the law by providing companies like Coinbase with a way to register to be able to do that."

The crypto community is rallying behind Coinbase too by minting a commemorative NFT as a symbol of unity advocating for sensible crypto policy, now up to 92,574 mints! Mint fees are being donated to crypto advocacy organizations through Gitcoin.

Looks like we are all tired of the big boys in suits talk gobblygook policies meanwhile letting disasters like FTX slip right through their noses.

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Helpful Tweet of the Day 🐦

🧰 Web3 Tool of the Day ⚒️

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Disclaimer: This newsletter is purely educational and is not intended to be financial advice. Please don't take it as such. This is not an invitation to buy or sell digital assets, nor does it suggest how you should make your financial decisions. Always do your own research.