Cryptocurrency exchange Coinbase made statements following the US Securities and Exchange Commission (SEC) lawsuit.
coinbase from the front SEC by unregistered brokerage firm In the first statement made to The Block after the lawsuit filed on the grounds that it operates as a Paul Grewal spoke.
Grewal’s statements on the case suggest that the SEC’s stance depends on the United States’ ability to compete economically. has damaged was in the direction:
The SEC’s reliance on a purely sanctions-focused approach, without clear rules for the digital asset industry, negatively impacts US economic competitiveness and companies with a demonstrated commitment to compliance, such as Coinbase.
Grawel also stated that a legislation is needed for a solution and Coinbase plans to continue its work as it is despite all this:
The solution is legislation that allows for the transparent development and equal application of fair rules, not litigation. During this period, we will continue to carry out our business as usual.