{"id":482479,"date":"2022-08-08T23:00:00","date_gmt":"2022-08-08T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/two-more-lawsuits-for-coinbase-law-decoded-aug-1-8\/"},"modified":"2022-08-08T23:00:00","modified_gmt":"2022-08-08T20:00:00","slug":"two-more-lawsuits-for-coinbase-law-decoded-aug-1-8","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/two-more-lawsuits-for-coinbase-law-decoded-aug-1-8\/","title":{"rendered":"# Two more lawsuits for Coinbase: Law decoded, Aug. 1\u20138"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25dac27a95d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25dac27a95d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/two-more-lawsuits-for-coinbase-law-decoded-aug-1-8\/#%E2%80%9D_Two_more_lawsuits_for_Coinbase_Law_decoded_Aug_1%E2%80%938_%E2%80%9C\" >&#8221; Two more lawsuits for Coinbase: Law decoded, Aug. 1\u20138 &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/two-more-lawsuits-for-coinbase-law-decoded-aug-1-8\/#11_individuals_are_charged_over_300M_crypto_%E2%80%98pyramid_scheme\" >11 individuals are charged over $300M crypto \u2018pyramid scheme\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/two-more-lawsuits-for-coinbase-law-decoded-aug-1-8\/#The_new_crypto_bill_could_extend_CFTCs_regulatory_powers\" >The new crypto bill could extend CFTC\u2019s regulatory powers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/two-more-lawsuits-for-coinbase-law-decoded-aug-1-8\/#Banks_are_shutting_down_the_crypto_exchanges_accounts_in_Portugal\" >Banks are shutting down the crypto exchanges\u2019 accounts in Portugal<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Two_more_lawsuits_for_Coinbase_Law_decoded_Aug_1%E2%80%938_%E2%80%9C\"><\/span>&#8221; Two more lawsuits for Coinbase: Law decoded, Aug. 1\u20138 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvOTE4ZjcxZTMtYzlhMy00MDY0LWEzYTUtMGY2OTQ1Mjg5ZWVkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court. Wahi was arrested during his attempt to board a flight from the United States to India in May and accused of insider trading.\u00a0<\/p>\n<p>While the Wahis are central to two separate court cases, another two lawsuits <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared last week against the San-Francisco-based crypto exchange. Legal firm Bragar Eagel &amp; Squire revealed that it would be suing Coinbase for making deceptive claims about its business practices. Pomerantz LLP has also filed a claim against the exchange, alleging that it is entitled to compensation for any losses incurred as a result of the defendant\u2019s violations of federal securities laws.<\/p>\n<p>In both complaints, plaintiffs claim that Coinbase made fraudulent and deceptive representations regarding the company\u2019s business, operations and compliance efforts between April 14, 2021 and July 26, 2022. Coinbase reportedly refused to disclose that it permitted U.S. citizens to trade digital assets that required Securities and Exchange Commission (SEC) registration as securities despite its knowledge and complacency. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_individuals_are_charged_over_300M_crypto_%E2%80%98pyramid_scheme\"><\/span>11 individuals are charged over $300M crypto \u2018pyramid scheme\u2019<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A hot season for enforcers, indeed \u2014 SEC has charged 11 individuals for their alleged role in creating t \u201cfraudulent crypto pyramid scheme\u201d platform Forsage. The charges were laid in a United States District Court in Illinois, with the SEC alleging that the founders and promoters of the platform used the \u201cfraudulent crypto pyramid and Ponzi scheme\u201d to raise more than $300 million from \u201cmillions of retail investors worldwide.\u201d<\/p>\n<p>Continue reading<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_new_crypto_bill_could_extend_CFTCs_regulatory_powers\"><\/span>The new crypto bill could extend CFTC\u2019s regulatory powers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While both the Lummis-Gillibrand crypto bill and several versions of stablecoin legislation seem to be delayed until fall, United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act. The bill mandated the registration of a broad spectrum of market players by the CFTC and was met with wide approval within the crypto community.\u00a0<\/p>\n<p>Continue reading<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Banks_are_shutting_down_the_crypto_exchanges_accounts_in_Portugal\"><\/span>Banks are shutting down the crypto exchanges\u2019 accounts in Portugal<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to \u201crisk management\u201d concerns. There are at least four domestic cryptocurrency exchanges that have seen their accounts shut, including CriptoLoja, which was the first one to obtain a license to operate in the country. The closure of these accounts is seen as a blow to Portugal\u2019s crypto-friendly approach, as authorities had previously rejected two tax proposals that might have been applied to investors making money from cryptocurrencies.<\/p>\n<p>Continue reading <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/two-more-lawsuits-for-coinbase-law-decoded-aug-1-8\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Two more lawsuits for Coinbase: Law decoded, Aug. 1\u20138 &#8220; The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":482480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvOTE4ZjcxZTMtYzlhMy00MDY0LWEzYTUtMGY2OTQ1Mjg5ZWVkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75422,74956,75993,74898,70934],"class_list":["post-482479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cftc","tag-coinbase","tag-portugal","tag-sec","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/482479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=482479"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/482479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/482480"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=482479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=482479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=482479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}