more now from new york with samira hussain. in these latest charges, the sec said coinbase acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded companyit disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time, we have had over 30 engagements with the sec to try to work towards a sensible framework for regulation that would allow, for example, the registration of platforms as either broker dealers or atss, or a national securi
more from new york now. in more from new york now. in these latest charges, the sec said coin base acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded company are disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time. no response from the sec. since that time. we no response from the sec. since that time, we have no response from the sec. since that time, we have had - no response from the sec. since that time, we hav
would allow, for example, the registration of platforms as either broker dealers or atss, or a national security exchange. we received no response after our presentations as part of those discussions. on the one hand, coinbase is basically saying, look, we want to abide by your rules but the ones as written don t work for these new financial instruments, like crypto currency. on the other hand, the regulator is saying rules are rules, and you are running afoul of them. it seems the us is making good on its promise to aggressively enforce rules to oversee the crypto industry. that was samira hussain reporting in new york, and in the last couple of hours, the sec has also asked a federal court to freeze the us assets of binance, and it comes a day after they sued the world s biggest crypto exchange and its ceo for allegedly operating a web of deception.
that is it for the programme. bbc news, bringing you different stories from across the uk. . ., , the uk. huge crowds en oyed live music i the uk. huge crowds en oyed live music while i the uk. huge crowds enjoyed live music while soaking i the uk. huge crowds enjoyed live music while soaking up i the uk. huge crowds enjoyed i live music while soaking up the sun at brockwell park s mighty hoople official at the weekend but not everyone was a fan. peter brackley s 13th floor flat overlooks the park. peter brackley s13th floor flat overlooks the park. people sa ou flat overlooks the park. people say you are flat overlooks the park. people say you are a flat overlooks the park. people say you are a nimby, - flat overlooks the park. people say you are a nimby, and i flat overlooks the park. people say you are a nimby, and you | say you are a nimby, and you don t say you are a nimby, and you don t want say you are a nimby, and you don t want it in your backyard, but you don t w
to work engagements with the sec to try to work towards a sensible framework for regulation that would framework for regulation that would allow for example the registration of platforms as either registration of platforms as either broker dealers or a tss or a either broker dealers or a tss or a national security exchange. we received no response after our presentations as part of those discussions. gn presentations as part of those discussions. presentations as part of those discussions. on the one hand, coinbase discussions. on the one hand, coinbase is discussions. on the one hand, coinbase is basically discussions. on the one hand, coinbase is basically saying, i coinbase is basically saying, look, we want to abide by your rules but the ones as written don t work for these new financial instruments like crypto currency. on the other hand, the regulator is saying rules are rules, and you are running afoul of them. it seems the us is making good on its promise to aggres