Amid the brewing legal battle between the US Securities & Exchange Commission (SEC) and crypto exchange Coinbase, Dogecoin (DOGE) co-creator Billy Mar
Dogecoin co-creator Billy Markus asked for a tax refund from the US Securities & Exchange Commission, a federal US financial regulator. The SEC's statement that cryptocurrency holds no inherent value in the Coinbase lawsuit has heated up a debate.
and all major alts experience a subdued Monday with minor losses. kus has asked for a tax refund. Markus, who goes by the alias Shibetoshi Nakamoto on X, disagreed with the SEC's assertion that cryptos lack intrinsic value. The demand for the tax refund comes in the wake of the SEC's response to a dismissal motion by Coinbase. Dogecoin co-founder questions SEC's crypto stance Billy Markus, popularly known as Shibetoshi Nakamoto on X.
and the broader crypto market remain subdued The broader cryptocurrency market displayed minimal activity on Monday. According to CoinGecko calculations, the global cryptocurrency market cap stands at $1.13 trillion, marking a slight -0.1% change in the past 24 hours. Leading cryptocurrencies like Bitcoin and major altcoins experienced price stagnation. Dogecoin witnessed a 1% price decline in the 24-hour time frame.
lost 4%, bringing its market cap to $8.5 billion. Meanwhile, Coinbase Global, a publicly-traded company listed on the NASDAQ exchange, has seen some positive movement since the lawsuit's initiation. According to Yahoo Finance data, Coinbase Global stock closed at $78.46 on Friday with a 5% gain. Coinbase has a 52-week price range of $31.55 to $114.43, making it a volatile stock due to regulatory focus.
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