Coinbase CEO confident they’ll “get the job done” against SEC in court

Coinbase CEO confident they’ll “get the job done” against SEC in court
фото показано с : invezz.com

2023-6-7 22:04

News of the Securities and Exchange Commission filing a lawsuit against Coinbase dominated the crypto space on Tuesday. As invezz.com reported, SEC alleged that Coinbase has been operating as an unlicensed broker, exchange, and clearing agent.

It didn’t take long for Coinbase chief Brian Armstrong to react to the allegation. The CEO remained confident about the impending battle with the SEC. He stated that they are ready to represent cryptocurrency against watchdogs in court to ensure regulation clarity.

Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.

Remember:
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and…

— Brian Armstrong 🛡️ (@brian_armstrong) June 6, 2023 Coinbase reacts to SEC lawsuit

Coinbase CEO highlighted multiple facts about the latest SEC charges. He mentioned that the securities regulator authorized them to go public after reviewing the exchange’s business in 2021.

Armstrong stated that Coinbase made many attempts to register securities. However, the SEC rejected most assets as “there’s no” laid procedure to get such certificates.

Also, he highlighted conflicted statements that the CFTC (Commodities Futures Trading Commission) and the SEC made. Armstrong believes congressional mediation is essential, saying that Congress contemplated new regulations to solve the issue.

Exchange giants face lawsuits

The SEC lawsuit against Coinbase comes one day after the regulator sued exchange Binance. The Securities and Exchange Commission allegedly charged Binance and CZ for violating securities laws.

Meanwhile, as invezz.com reports show, the crypto community is against SEC’s latest moves against crypto exchanges. Also, Changpeng Zhao seemed to criticize the lawmakers with his latest tweet.

If you have to pick a fight with everyone, maybe you are the one at fault. 🤷‍♂️

— CZ 🔶 Binance (@cz_binance) June 6, 2023

The post Coinbase CEO confident they’ll “get the job done” against SEC in court appeared first on Invezz.

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coinbase against sec exchange reported tuesday invezz

Источник: invezz.com

coinbase against → Результатов: 126


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Coinbase’s co-founder and CEO, Brian Armstrong, believes that Ripple is doing better than projected in its case against the US Securities Exchange Commission (SEC). He shared his sentiments through a tweet on October 26, saying the case has made the regulator realize that attacking the crypto sector is politically unpopular because such actions harm consumers.

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Coinbase Sued For Helping Ripple Raise Billions by Selling XRP

A plaintiff, Thomas Sandoval, is lodging a class action lawsuit at a San Francisco federal court against Coinbase. He alleges that the exchange received commissions by helping Ripple sell XRP without registering with the United States Securities and Exchange Commission (SEC), approving them to sell securities, a filing captured on Dec 30 reveals. The SandovalRead More

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Coinbase и OKCoin остановят торги XRP из-за иска SEC

Криптовалютная биржа Coinbase закроет торговлю токеном XRP для пользователей во всех обслуживаемых регионах. Похожее решение приняла платформа OKCoin. Given the SEC’s recent action against Ripple, all XRP books have been moved to limit only and Coinbase plans to fully suspend trading in XRP on Tuesday, January 19, 2021, at 10 AM PST.

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