💧Coinbase takes on The SEC 👨‍⚖️

Welcome to Coinsauce’s Crypto Newsletter 📰 , your go-to source for all things crypto. At Coinsauce, we like to keep things short, sweet and simple. Our mission is to provide you with all the latest updates and happenings in the most concise and spam-free way possible! So, get ready to stay ahead of the game with our timely insights and informative analysis 💡 

Here’s what’s been cooking in the past 24 hours 👇️ 

1. Reversing roles! - Coinbase sues SEC to get clarity over digital asset-specific rules 👀 

2. Hydro Token Price Manipulation: Five Individuals Charged by US DOJ🙏 

3. Mission Crash Course! - El Salvador commences state-backed courses for training BTC & Lightning Network Devs 🎓️ 

   

   Prices as of 10:31am GMT

Coinbase seeks clear answers from the SEC ❗️ 

How the tables have turned! Coinbase, one of the biggest crypto exchanges in the USA has decided to take matters into/ their own hands and has filed a lawsuit against the SEC, demanding the watchdog to respond to their earlier peti////tion from July 2022, seeking clarity on crypto regulations. (Talk about lawyering up👨‍⚖️)

The suit demands that the SEC respond to Coinbase's petition, which included ~50 specific concerns on how particular digital assets should be regulated ranging from token classification to crypto trading ❗️ 

Earlier this month, Brian Armstrong, the CEO of the exchange, criticized the SEC for lack of clear regulations ❌ , and even gave the nod on the possibility of the crypto powerhouse shifting its base out of the US if clear and progressive regulations are not enforced.

Now that the tables have turned and the ball is in the SEC's court, we are eagerly waiting to see how this plays out. Stay tuned for more updates! 🤞

US Department of Justice cracks down on crypto fraud 👀 

The US Department of Justice (DOJ) has had enough of crypto criminals ❌ and has charged five individuals for allegedly manipulating the price of Ethereum-based digital currency, Hydro. 💸

The defendants were accused of using a sneaky trading bot to place fraudulent orders on exchanges and create the illusion of market demand - all to pump up the token's price. 📈

They allegedly made a cool $2 million from the scheme from June 2018 to April 2019. The DOJ has charged all five with conspiracy to commit wire and bank fraud. If convicted, they could face up to five years in prison. 😬

Moral of the story? Always do your research, folks. The crypto world can be a wild ride, and it's important to protect yourself from shady characters ❗️ 

El Salvador begins BTC & Lightning Network courses for Devs⚡️ 

🇸🇻 El Salvador is training up Bitcoin and Lightning Network developers with a state-backed course 🌟 Backed by Tether, the course will help 54 university students to learn advanced Bitcoin engineering skills over several months 💻

The course will be mainly conducted in 3 phases. While phase 1 will cover economics and monetary theories with lectures from Saifedean Ammous 📚 (The author of The Bitcoin Standard), phase 2 will be an intense coding boot camp. The final phase would be a mentorship program, transforming the students into blockchain gurus!

Who knows, maybe someday El Salvador will become the next Silicon Valley for crypto! 🚀

Meme of the day

The US Dollar losing dominance (and loyalty) like.. 🤣 

And that’s a wrap for today’s newsletter 🗞️ We hope you enjoyed the latest updates along with your daily dose of puns 😄 Stay tuned for more exciting news and insights throughout the week. Remember to subscribe to our newsletter and follow us on social media to keep up with the crypto verse! Until next time ❗️ 

Disclaimer: This newsletter is for educational purposes only and does not constitute financial advice or an offer to buy or sell assets. You must exercise caution and conduct your research before making any financial decisions.