Crypto exchange Coinbase pushed back against the SECgov Thursday, claiming the agency has not sufficiently supported its argument that the exchange listed securities in the U.S. $COIN Consensus2023 nikhileshde reports
The U.S. Securities and Exchange Commission is making decisions about alleged legal violations “on the fly,” crypto exchange Coinbase said Thursday.
“An investment contract exists when you invest money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others. Intermediaries for investment contracts, whether they're exchanges, brokers, dealers, clearinghouses, they need to comply with the securities laws and register with the Securities and Exchange Commission,” he said.
As part of its response, Coinbase created a video featuring CEO Brian Armstrong and General Counsel Paul Grewal talking through the exchange’s history. The exchange has also asked a number of questions to the SEC, including about its asset listing process, the Wallet product and its staking services. The SEC has now alleged that all three of these types of products may be in violation of securities laws, the exchange said.
The exchange also argued it did not receive “fair notice” from the regulator about the enforcement action, arguing repeatedly in the document that “one media statement by a member of the Commission is not policy guidance.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Coinbase vs. the SEC: Will their legal battle provide clarity on regulation for other crypto companies?Coinbase made headlines again this week after the company took legal action against the U.S. Securities and Exchange Commission. On Monday, Coinbase asked...
Weiterlesen »
Disney sues Gov. Ron DeSantis, alleging political retaliationBreaking news: Disney is suing Florida Gov. Ron DeSantis (R) over what it called a “relentless campaign to weaponize government power,” escalating a long-running feud between the entertainment giant and the conservative governor.
Weiterlesen »
Disney sues DeSantis, alleging 'targeted campaign' of retaliationDisney sued Florida Gov. Ron DeSantis on Wednesday over the Republican's takeover of its theme park district, alleging the governor waged a 'targeted campaign of government retaliation' after the company opposed a law critics call “Don't Say Gay.”
Weiterlesen »
Man shot by East Cleveland police sues city, officer, alleging violation of civil rightsRobert Banks Jr.’s lawsuit accuses East Cleveland police officer Andrew Majercik of shooting Banks “without provocation” during a traffic stop in March 2022.
Weiterlesen »
Disney Sues Florida Gov. Ron DeSantis Over Control Of Special District, Alleging RetaliationAfter months of public back and forth, the fight between Florida Gov. Ron DeSantis and the Walt Disney Company is now headed to court.
Weiterlesen »