COIN

Gary

<ul class="wp-block-list">
 <li>Coinbase’s efforts to obtain documents from Gary Gensler were excessively broad, as per the SEC’s recent filing.&nbsp;</li>
 <li>As per information, MIT, where Gary used to teach blockchain technology, also received the request to release identical documents.</li>
 <li>In a pre-trial, Judge Katherin Polk Failla expressed her disapproval of Coinbase’s request to release Gary’s documents before his tenure at the SEC.&nbsp;</li>
</ul>
In the ongoing legal tussle between the SEC &amp; Coinbase, the regulator filed a new complaint against the exchange, arguing that its efforts to obtain records from Gary Gensler were excessively broad.&nbsp;&nbsp;
In a recent X post, Paul Grewal, the Chief Legal Officer (CLO) of Coinbase, asserted that the SEC had answered the exchange’s request for documents.&nbsp;
Update: Today
He additionally remarks that the documents will show the record of the SEC’s inconsistent views on digital assets and its regulatory reach.
There are claims that Coinbase is seeking these documents from the SEC to support its lawsuit against them. The exchange urges releasing documents tied to Gary Gensler, the U.S. Securities and Exchange Commission chairperson. Why Did the SEC Charge Coinbase?&nbsp; 
Earlier this year, the SEC filed a suit against Coinbase, alleging that the exchange operated in the U.S. without enlisting as a security exchange, broker, and clearing agency.
The regulatory commission further alleges the exchange for selling unregistered securities leveraging its staking platform. Coinbase filed the document request in April, and in July, it notified the SEC that it would subpoena Gary’s crypto-related communication during his term and four years before his appointment.
MIT, where Gary used to teach blockchain technology, also received Coinbase’s request to release identical documents. The exchange swore the court would only demand documents within the SEC’s capacity.&nbsp;
In a pre-trial, Judge Katherin Polk Failla expressed her disapproval of Coinbase’s request to release Gary’s documents before his tenure at the SEC.&nbsp; Coinbase (COIN) Revenue &amp; Earning Updates&nbsp; 
In Q2 2024, Coinbase Global Inc. suppressed its estimated revenue, reporting $1.5 Billion in revenue. The estimated revenue for the upcoming quarter is $1.32 billion, and for the 2024 period, the estimate is $5.80 billion.&nbsp;
Coinbase’s primary source of revenue includes custodial fees, blockchain rewards, platform fees, and crypto assets. The company gathers 87% of its revenue from the United States and the rest of the world.
On August 05, 2024, Coinbase (COIN) stock opened trading at $162.01; however, it closed trading at $189.47. COIN stock observed significant selling pressure from July 23 to August 02.&nbsp; Crypto Market Price Update&nbsp; 
The broader <a href="https://news.todayq.com/know-why-indonesias-cryptocurrency-tax-revenue-is-growing/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency </a>market reflects a slight bullishness post-severe bleeding between August 04 and August 05. The sudden volatility dragged crypto market capitalization to $2 Trillion the previous day.&nbsp;
The crypto market cap was $1.98 trillion at press time, and the market volume ballooned to&nbsp; $187.62 Billion. Bitcoin price reflected a correction of 5.23% in the past few hours, although it is still trading below $56,000.&nbsp;
Bittensor’s (TAO) price reached $256.67, up 32.34%, and Akash Network’s (AKT) trading price increased by 28.88% intraday. The trading volume of all stablecoins markets is $154.59 Billion, contributing 93.72% to the total crypto market 24-hour volume.
The global cryptocurrency market has lost roughly $500 Million in the past seven days due to volatility and seller pressure.&nbsp;

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