Introducing our latest blog post on Extreme Investor Network: “US Courts Challenge the SEC Stance on Disclosure and Coinbase Contributes $25 Million to Fairshake”
In a groundbreaking move, the US Fifth Circuit recently vacated SEC rules that required private fund advisors to provide full disclosures to investors. This decision comes as SEC Chair Gary Gensler takes aim at the crypto market, urging for more transparency and disclosure. The court ruling could have far-reaching implications for US lawmakers as they consider a digital asset framework that balances innovation with investor protection.
In another development, Coinbase (COIN) made headlines by contributing $25 million to Fairshake PAC, a political action committee that supports US candidates dedicated to fostering innovation in the digital space. This follows Ripple’s own $25 million contribution to Fairshake PAC, signaling a growing trend of support for forward-thinking policies in the industry.
Coinbase’s contribution comes at a crucial time as the company faces legal battles with the SEC. Investors are eagerly awaiting a court ruling on Coinbase’s Motion for Interlocutory Appeal, which could have significant ramifications for the broader crypto market. Despite the uncertainty surrounding the SEC v Coinbase case, Coinbase saw a notable 8.07% rally in the week ending June 7, climbing to $244.16.
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