{"id":12475,"date":"2022-11-10T10:13:36","date_gmt":"2022-11-10T10:13:36","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/10\/coinbase-says-no-points-in-blaming-u-s-exchanges-on-ftx-crisis\/"},"modified":"2022-11-10T10:13:36","modified_gmt":"2022-11-10T10:13:36","slug":"coinbase-says-no-points-in-blaming-u-s-exchanges-on-ftx-crisis","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/10\/coinbase-says-no-points-in-blaming-u-s-exchanges-on-ftx-crisis\/","title":{"rendered":"Coinbase Says No points in blaming U.S. exchanges on FTX crisis"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/after-ftx-episode-coinbase-ceo-slams-sec-for-no-regulatory-clarity\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>The FTX liquidity crisis continues to exacerbate because the crypto trade desperately appears to be like for buyers. The latest crisis has drawn the eye of lawmakers in addition to regulators. Senator Elizabeth Warren took this chance responsible the crypto house. In her tweet on Wednesday, she wrote:<\/p>\n<blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cThe collapse of one of the largest crypto platforms shows how much of the industry appears to be smoke and mirrors. We need more aggressive enforcement and I\u2019m going to keep pushing <\/span><span class=\"r-18u37iz\">@SECGov <\/span>to enforce the law to protect consumers and financial stability\u201d.<\/p>\n<\/blockquote>\n<p>Coinbase CEO Brian Armstrong chipped in into the dialog stating that FTX.com was an offshore trade and never regulated by the U.S. SEC. He additional pinned the blame on the SEC stating that the regulator failed to supply readability in the U.S. As a consequence, almost 95% of the buying and selling exercise and several other American buyers moved to off-shore exchanges. He mentioned that punishing U.S. corporations after the FTX collapse is senseless.<\/p>\n<p>Ripple CEO Brad Garlinghouse additionally backed the feedback from the Coinbase chief. He added that regulatory steerage to crypto companies is important to make sure belief and transparency. Galinghouse added that with zero steerage in the U.S. customers have been transferring to offshore exchanges.<\/p>\n<p>The Ripple chief added that the U.S. regulators ought to take some steerage from Singapore the place there\u2019s \u201ca licensing framework, token taxonomy laid out, and much more\u201d. \u201cThey can appropriately regulate crypto b\/c they\u2019ve done the work to define what \u201cgood\u201d appears to be like like, and know all tokens aren\u2019t securities,\u201d he <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1590559887238758400\" target=\"_blank\">added<\/a>.<\/p>\n<h3>U.S. SEC advert CFTC to Investigate FTX<\/h3>\n<p>Sources conversant in the matter mentioned that each the U.S. SEC and the CFTC are investigating FTX\u2019s operations over the mishandling of shoppers\u2019 funds. As per the sources, the SEC launched the investigation months in the past into the crypto lending actions of FTX U.S. Citing the sources, Bloomberg additionally <a rel=\"nofollow noopener\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-09\/us-probes-ftx-empire-over-handling-of-client-funds-and-lending\" target=\"_blank\">reported<\/a>:<\/p>\n<blockquote>\n<p>American regulators are additionally trying into the platform\u2019s relationship with its American counterpart FTX US and Bankman-Fried\u2019s buying and selling home Alameda Research.<\/p>\n<\/blockquote>\n<p>After Coinbase backed out of the acquisition deal on Wednesday, FTX chief Sam Bankman-Fried has been exploring different choices. Tron founder Justin Sun has additionally <a href=\"https:\/\/coingape.com\/justin-sun-hinting-at-a-potential-partnership-with-ftx\/\" target=\"_blank\" rel=\"noopener\">hinted<\/a> at a possible partnership with FTX.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA126783\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds  aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary abilities.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD126783\">\n<p> The introduced content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/after-ftx-episode-coinbase-ceo-slams-sec-for-no-regulatory-clarity\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The FTX liquidity crisis continues to exacerbate because the crypto trade desperately appears to be like for buyers. The latest crisis has drawn the eye of lawmakers in addition to regulators. Senator Elizabeth Warren took this chance responsible the crypto house. In her tweet on Wednesday, she wrote: \u201cThe collapse of one of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[5100,465,878,983,887,813],"class_list":["post-12475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-blaming","tag-coinbase","tag-crisis","tag-exchanges","tag-ftx","tag-points","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=12475"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12475\/revisions"}],"predecessor-version":[{"id":12476,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12475\/revisions\/12476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/12399"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=12475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=12475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=12475"}],"curies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