Sign Up on MEXC
Coinbase News: U.S. biggest crypto exchange, Coinbase on Wednesday moved ahead to file a notice of intent to file a motion to dismiss charges pushed by the Securities and Exchange Commission (SEC) against it.
Also Read: Coinbase CEO Notes Singapore Crypto Outlook While Facing US SEC Case
Coinbase Denies SEC’s Charges
As per Coinbase’s reply, it admits that it has not registered with the SEC as a broker, national securities exchange, or clearing agency. However. It denies that any of the assets it made available for trading include crypto asset securities.
It further denied that the commission has authority concerning investors, while, it also rejects that either the laws or SEC require a segregation of functions.
Paul Grewal, Chief Legal Officer At Coinbase urged that it welcome a dialogue with any financial watchdog and calls for a new legislation and rulemaking ahead. However, it claims that this SEC lawsuit is beyond the existing law and might be dismissed. Read More Coinbase News Here…
No Crypto Rules Exist?
Attorney John Deaton. XRP holders’ lawyer in the US SEC Vs Ripple case noted that Coinbase’s motion is strong but he is sure that it will be granted by the court. The motion mentioned that Congress is initiating legislation, demonstrating its intent to make rules is a major issue.
He added that Coinbase used the infamous Hinman Ethereum speech to discuss a major regulatory gap and greater confusion regarding the rules making in the crypto market. It highlighted that SEC Chair, Gary Gensler, acknowledged that there are no such existing rules for crypto assets.
Deaton stated that there is no single case in history that has found that a secondary sale of an investment contract is also an investment contract.
- Michael Saylor Credits Bitcoin for Strategy’s Outperformance Over ‘Mag 7’ Stocks
- XRP Overtakes Shopify, Verizon, Citigroup in Market Value as Price Eyes $6
- Altcoin Season Index Hits New High As ETH, SOL, DOGE, and XRP Rally
- ‘Huge Breakthrough,’ Peter Brandt Says as Dogecoin Reclaims $0.30 Ahead ETF Launch
- Bitcoin Bull Cycle Could Extend To 2026, Arthur Hayes Predicts
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
- Pi Coin Price Prediction As Adam & Eve Pattern Signals Breakout Rally To $0.45 Ahead
- HBAR Price Prediction Amid DTCC Listing and Archax Expansion — Is $0.50 Next?
- Ethereum Price Eyes a 40% Surge as Morgan Stanley Shifts Fed Cuts Forecast
