{"id":4297,"date":"2023-05-04T15:28:24","date_gmt":"2023-05-04T20:28:24","guid":{"rendered":"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/"},"modified":"2023-05-04T15:28:24","modified_gmt":"2023-05-04T20:28:24","slug":"coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/","title":{"rendered":"Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<p>    \n                    <\/div>\n<p dir=\"ltr\">Key takeaways<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Crypto exchange Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC).<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Coinbase wants the agency to provide a yes or no to Coinbase\u2019s request for the commission to draft and approve a digital asset-specific rule.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Cathie Wood\u2019s Ark Invest has purchased $8.6 million worth of Coinbase stock.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\">Coinbase sues US SEC<\/h2>\n<p dir=\"ltr\">Coinbase, one of the leading crypto exchanges in the United States, has filed a lawsuit against the United States Securities and Exchange Commission.<\/p>\n<p dir=\"ltr\">The lawsuit comes after the crypto exchange filed a petition with the SEC last summer. Coinbase wants the securities regulator to provide a yes or no to its request for the commission to draft and approve a digital asset-specific rule.<\/p>\n<p dir=\"ltr\">Coinbase\u2019s chief legal officer Paul Grewal wrote in a\u00a0blog post on Monday, stating that;<\/p>\n<p dir=\"ltr\">\u201cFrom the SEC\u2019s public statements and enforcement activity in the crypto industry, it seems like the SEC has already made up its mind to deny our petition. But they haven\u2019t told the public yet. So the action Coinbase filed today simply asks the court to ask the SEC to share its decision.\u201d<\/p>\n<p dir=\"ltr\">The crypto exchange can also file another lawsuit to try to make a federal court force the SEC to make a new rule if the regulatory agency declines.<\/p>\n<p dir=\"ltr\">The SEC and Coinbase are currently in what could become a long legal battle. Last month, the\u00a0SEC served Coinbase with a Wells Notice, indicating that it is looking into Coinbase\u2019s activities for potentially violating U.S. securities laws.<\/p>\n<p dir=\"ltr\">Coinbase\u2019s CEO revealed last week that the\u00a0crypto exchange could relocate to another country if the regulatory unclarity in the United States persists.\u00a0<\/p>\n<h2 dir=\"ltr\">Ark Invest loads up on Coinbase stock<\/h2>\n<p dir=\"ltr\">Ark Invest, an American investment management firm run by CEO Cathie Wood, continues its buying spree of Coinbase\u2019s stock. The ARK Innovation ETF purchased 122,083 shares in Coinbase, the ARK Fintech Innovation ETF, meanwhile, bought 14,633 shares, while the ARK Next Generation Internet ETF added 20,327 shares, totalling $8.6 million.<\/p>\n<p dir=\"ltr\">Cathie Wood\u2019s Ark Invest remains one of the biggest Coinbase shareholders despite selling $13.5 million worth of the stocks last month.\u00a0<\/p>\n<div class=\"post-meta\">\n<p>                        Share this articleCategoriesTags\n                    <\/p><\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways Crypto exchange Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC). Coinbase wants the agency to provide a yes or no to Coinbase\u2019s request for the commission to draft and approve a digital asset-specific rule. Cathie Wood\u2019s Ark Invest has purchased $8.6 million worth of Coinbase stock. Coinbase sues US [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-4297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock\" \/>\n<meta property=\"og:description\" content=\"Key takeaways Crypto exchange Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC). Coinbase wants the agency to provide a yes or no to Coinbase\u2019s request for the commission to draft and approve a digital asset-specific rule. Cathie Wood\u2019s Ark Invest has purchased $8.6 million worth of Coinbase stock. Coinbase sues US [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Sikaoer - The Best Crypto News Site.\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-04T20:28:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/04\/1682426038697-6b09e9d9-2d12-4c2e-b5aa-d52babc26bba.jpg\" \/>\n<meta name=\"author\" content=\"SikaoerAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SikaoerAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\"},\"author\":{\"name\":\"SikaoerAdmin\",\"@id\":\"https:\/\/sikaoer.com\/#\/schema\/person\/43f022757a102cf0dbe32031e6c7cf67\"},\"headline\":\"Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock\",\"datePublished\":\"2023-05-04T20:28:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\"},\"wordCount\":374,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sikaoer.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Coinbase-sues-SEC-Ark-Invest-buys-86m-in-Coinbase-stock.jpg\",\"articleSection\":[\"Regulation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\",\"url\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\",\"name\":\"Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock - Sikaoer - The Best Crypto News Site.\",\"isPartOf\":{\"@id\":\"https:\/\/sikaoer.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Coinbase-sues-SEC-Ark-Invest-buys-86m-in-Coinbase-stock.jpg\",\"datePublished\":\"2023-05-04T20:28:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#primaryimage\",\"url\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Coinbase-sues-SEC-Ark-Invest-buys-86m-in-Coinbase-stock.jpg\",\"contentUrl\":\"https:\/\/sikaoer.com\/wp-content\/uploads\/2023\/05\/Coinbase-sues-SEC-Ark-Invest-buys-86m-in-Coinbase-stock.jpg\",\"width\":500,\"height\":327,\"caption\":\"Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sikaoer.com\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sikaoer.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sikaoer.com\/#website\",\"url\":\"https:\/\/sikaoer.com\/\",\"name\":\"Sikaoer\",\"description\":\"Latest Bitcoin &amp; 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Coinbase wants the agency to provide a yes or no to Coinbase\u2019s request for the commission to draft and approve a digital asset-specific rule. Cathie Wood\u2019s Ark Invest has purchased $8.6 million worth of Coinbase stock. 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