Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Coinbase pushes for crypto regulator
Coinbase, the largest U.S. cryptocurrency exchange, wants Congress to block the Securities and Exchange Commission from overseeing the industry and instead create a special regulator for digital assets, according to a report in The Wall Street Journal.
One of the company’s chief complaints, reportedly, is that crypto-market participants face uncertainty about which federal agencies should oversee particular assets. Coinbase has also previously been at odds with SEC Commissioner Gary Gensler, who has said many crypto exchanges are trading coins that don’t comply with investor-protection laws and has discouraged creation of a separate regulator.
— Joanna Glasner
Plum raises $14M for fintech
London-based fintech startup Plum raised $14 million in a Series A funding round led by dmg ventures and Ventura Capital. The company offers tools for money management, including automating aspects of personal finance.
— Joanna Glasner
Health Tech
Paragon 28 prices IPO: Englewood, Colorado-based Paragon 28, a developer of technology for foot and ankle surgery and treatments, priced shares for its IPO at $16, the midpoint of the proposed range, raising a total of $125 million. Shares will trade on NYSE under the ticker symbol FNA.
— Joanna Glasner
Illustration: Dom Guzman
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