The U.S. Securities and Exchange Commission (SEC) has issued a new response to Coinbase’s dismissal request in the ongoing lawsuit.
SEC 7 July In his new response to his lawsuit against Coinbase, the laws of Coinbase, known as the largest cryptocurrency exchange in the USA, for violating informed claimed it was. The SEC responded with Coinbase’s own in its internal documents located in IThe claims made by the stock market while basing the statements to withdraw demanded. SEC response to request for dismissal of lawsuit by Coinbase opposite presented as
Coinbase is the subject of the response 28 June What the SEC currently qualifies as a security 13 cryptocurrency 6to the in 2021 He stated that he did not object and drew attention to the contradictory statements of the regulator. Coinbase also added that with the current litigation, even though the SEC has jurisdiction over these assets. violating due process rights And created an extraordinary process exploit had claimed.
In its final response, the SEC said that Coinbase has some assets listed on the platform in public documents. securities aspect labeling stood on it. The SEC said this means that Coinbase is aware of the risk of breaking the law.
The SEC also owns Coinbase. in 2021 the fact that it has been offered to the public puts all the actions that it has done and can do into a legitimate framework. not carrying, the stock market at this point claims and rejection of your request illogical implied it was.
According to the SEC, Coinbase currently put forward to defend the legitimacy of its actions. exchange registration agreement By signing it, he had already admitted that he was subject to securities laws. At this point, the SEC Clearly knows what rules Coinbase should consider nevertheless expand their operations in the name of a calculated risk claimed to have received it.
The SEC, on the other hand, to open the case brought forward by Coinbase authority He responded to the allegations that he did not exist with the following statements:
This case concerns the SEC’s exercise of its longstanding authority to enforce legal requirements. In 1934, Congress gave the SEC the authority to enforce federal securities laws through civil law enforcement.
On social media in response to the SEC’s response in the statements Coinbase Chief Legal Officer Paul Grewalthe regulator keep repeating the same rhetoric expressed.
Grewal, SEC’s out of jurisdiction the SEC’s own chairmen, Gary Gensler, on this issue. ignoring your statements He claimed. It was also among Grewal’s statements that the SEC ignored the warnings given by the court.