Coinbase, a major player in the digital asset industry, recently filed a closing brief with the US Court of Appeals for the Third Circuit on May 31. The brief challenges the SEC’s denial of its rulemaking petition, citing a single, conclusory sentence in the SEC’s order that disagreed with Coinbase’s assertion that current SEC rules
Exchanges
Gemini, a popular crypto exchange, recently announced that users of its Earn product have received $2.18 billion of their digital assets. This recovery represents 97% of the total amount owed to Earn users, showcasing a significant turnaround since the collapse of crypto lender Genesis, which had ceased withdrawals in November 2022. The assets were returned
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has made a statement confirming that it has not sold its significant Bitcoin holdings. Despite transferring over 140,000 BTC (approximately $10 billion), the trustee clarified that preparations to repay creditors were ongoing. The firm mentioned that the bankruptcy process will compensate creditors with fiat currency,
