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Showing posts from June 7, 2023

Coinbase CEO Responds to SEC Lawsuit Accusing Crypto Exchange of Securities Law Violations

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Coinbase CEO Brian Armstrong has responded to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against his cryptocurrency exchange. The securities regulator charged Coinbase with “operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency,” as well as selling unregistered securities “in connection with its staking-as-a-service program.” Coinbase CEO Brian Armstrong Addresses SEC Charges The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, took to Twitter Tuesday to address the lawsuit filed against his exchange by the U.S. Securities and Exchange Commission (SEC). The securities regulator charged Coinbase with “operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency,” as well as selling unregistered securities “in connection with its staking-as-a-service program.” Armstrong tweeted: “Regarding t

Ron Paul Warns Fiscal Responsibility Act Will Erode US Dollar Value, Hasten Loss of Reserve Currency Status

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Former U.S. Representative Ron Paul has warned that the Fiscal Responsibility Act, recently signed into law by President Joe Biden, will escalate government spending, debt, and deficits. It will also erode the value of the U.S. dollar, “making it more likely that the U.S. dollar will lose its world reserve currency status sooner rather than later,” he cautioned. Ron Paul Warns of U.S. Dollar Losing World Reserve Currency Status Former U.S. Representative Ron Paul warned in an article published on the Ron Paul Institute website Monday that the Fiscal Responsibility Act (FRA) will have a number of negative consequences for the United States, including eroding the U.S. dollar’s dominance. Paul is an American author, physician, and retired politician. The former representative from Texas established The Ron Paul Liberty Report in 2015 to provide insightful opinions and analysis on current issues impacting our lives and finances. President Joe Biden signed the Fiscal Responsibility Act