Cryptocurrency and investment company Paradigm, which supports projects in the fields of blockchain, is in the ongoing legal battle with the SEC. coinbase takes a stance on the stock market.
Paradigm, the investment company started by Fred Ersham, co-founder of the US-based crypto trading platform Coinbase, presented a briefing to support the case the other day.
Statement on the official website paradigmtargeting the recent statements of SEC chairman Gary Gensler, stated that they found him “insincere”.
“Gensler’s statement to the press that crypto exchanges should only register is unrealistic. The SEC is doing everything it can to paralyze a growing industry.”
Coinbase Previously Contacted the SEC
U.S.-based crypto exchange Coinbase is seeking clear industry regulation in July 2022. to the SEC sent an open letter of recommendation. Speaking to the press after the regulation call, Gensler denied the allegations of lack of clarity.
Paradigm officials emphasized in their statement that the SEC is putting pressure on the crypto industry through illegal means. Allegedly, the Securities and Exchange Commission is trying to hit the adoption of crypto with police measures without making the necessary regulations.
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