tl;dr
The State of Oregon did not get the memo. Charles Schwab is making its crypto move.
Market Snap
Market Wrap
The (very) thin online equities markets are showing signs of stress before tomorrows’ open whilst BTC had a nice little pump just three hours ago, bringing the techies out in force:
Curious Cryptos’ Commentary — Oregon
Having previously given its approval for the public launch of Coinbase, the SEC later did the dirty by filing a lawsuit against Coinbase alleging the sale of unregistered securities. That case was recently dropped, but it seems that not everyone has realised that the last US election signposted a fundamental shift in the regulatory landscape for cryptos.
Oregon has filed its own lawsuit against Coinbase. Paul Grewal, Chief Legal Officer at Coinbase, makes his displeasure plain:
“In case you think I’m jumping to conclusions, the attorney general’s office made it clear to us that they are literally picking up where the Gary Gensler SEC left off — seriously…
