Coinbase files to have the lawsuit by the SEC dismissed for lack of merits

2023-6-29 11:38

Coinbase accuses the SEC of allowing it to go public with the same digital assets listed and later claiming to be unregistered securities. Coinbase’s lawsuit comes days after Binance’s motion alleging SEC misconduct was denied. Coinbase’s Chief Legal Officer insists that the exchange is ready to dialogue with any regulatory agency.

In a motion submitted to the United States District Court for the Southern District of New York, Coinbase Global Inc. (NASDAQ: COIN) has asked that the Securities and Exchange Commission’s (SEC) complaint charges be dismissed for lack of merit.

The exchange claims that when the Securities and Exchange Commission accepted Coinbase’s plan to go public back in May 2021, the SEC was aware of all operations, including staking and listing.

Coinbase stated in the 177-page document that the SEC’s accusations were based on claims that 12 of the listed crypto tokens traded on the exchange are securities. But it’s interesting to note that when the SEC authorized Coinbase to go public, six of the twelve digital assets named were already trading there. Coinbase claims that the legal claims should be abandoned right away because the SEC at the time did not classify any of the crypto assets as securities.

Ready for arbitration

In what may seem similar to its push for arbitration with users in California, which was granted by the Supreme Court, Coinbase has stated that it is ready to sit down with any regulatory authority including the SEC to discuss the way forward.

We welcome dialogue any time with any regulator, including the SEC, and believe new legislation and rulemaking is the right path forward. But the claims in this case go far beyond existing law – and should be dismissed. 2/2 https://t.co/3CID7vYURP

— paulgrewal.eth (@iampaulgrewal) June 29, 2023

Coinbase also claims that because Congress has not passed the necessary legislation, the SEC lacks the authority to oversee the developing cryptocurrency industry.

Furthermore, Coinbase contends that Congress must enact new legislation to regulate the cryptocurrency market because it is a worldwide, emerging economy. Without doing so, the nation runs the risk of losing its technological edge to regions like Europe, China, and Singapore that have already implemented crystal-clear cryptocurrency legislation.

The post Coinbase files to have the lawsuit by the SEC dismissed for lack of merits appeared first on CoinJournal.

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sec coinbase lawsuit securities unregistered later comes

Источник: coinjournal.net

sec coinbase → Результатов: 126


Coinbase подает промежуточную апелляцию по делу против SEC

Coinbase подала ходатайство об обжаловании решения судьи в прошлом месяце. Решение, принятое в прошлом месяце, позволило продолжить иск с участием Комиссии по ценным бумагам и биржам (SEC) и биржи без отклонения.

2024-4-14 00:08


Эллиот Стейн: Шансы криптобиржи Coinbase на победу против SEC равны 70%

Аналитик Bloomberg подсчитал, что крупнейшая американская криптовалютная биржа Coinbase имеет большие шансы добиться в суде отклонения как минимум одного важного пункта иска Комиссии по ценным бумагам и биржам США (SEC).

2024-1-23 19:13


CEO Coinbase: Мы встречались с SEC 30 раз за последние 18 месяцев

Генеральный директор криптобиржи Coinbase Брайан Армстронг подверг жесткой критике действия Комиссии по ценным бумагам и биржам США (SEC). Об этом сообщает Decrypt. Ссылаясь на «веские юридические аргументы» и сторонние заключения по активам, Армстронг сказал, что Coinbase несколько раз обращалась к SEC за обратной связью.

2023-11-30 11:35


Фото:

Coinbase accuses SEC of attempting ‘radical expansion’ of its authority

Coinbase accused the U.S. Securities and Exchange Commission (SEC) of overstepping the boundaries of its powers in an Oct. 24 court filing. The exchange argued that the SEC’s classification of crypto assets listed on its platform as securities falls outside its jurisdiction, further alleging that the regulatory body seeks to redefine the criteria for what […] The post Coinbase accuses SEC of attempting ‘radical expansion’ of its authority appeared first on CryptoSlate.

2023-10-25 15:30


SEC просит суд отклонить все жалобы Coinbase

Комиссия по ценным бумагам и биржам США (SEC) подала в суд ходатайство с просьбой отклонить жалобу криптобиржи Coinbase на действия регулятора. Согласно заявлению SEC, представители биржи пытаются отвлечь внимание суда от фатальных ошибок в своих юридических аргументах.

2023-10-4 12:48


Мнение: Следующая цель SEC — это Coinbase

Аналитик компании Berenberg Марк Палмер поделился своим прогнозом ситуации после новостей об иске SEC против Binance. Он ожидает, что регулятор не остановится. Следующей его жертвой может стать крупнейшая американская криптобиржа Coinbase.

2023-6-7 14:54


Coinbase suggests SEC action is motivated by Gary Gensler’s own views

Coinbase executives discussed their company’s ongoing conflict with the U.S. Securities and Exchange (SEC) in a new video on April 27. Coinbase doesn’t list securities; situation hasn’t changed Coinbase Chief Legal Officer Paul Grewal responded to the SEC’s recent Wells notice, stating: “[The SEC] has reached a preliminary determination that aspects of our company’s core […] The post Coinbase suggests SEC action is motivated by Gary Gensler’s own views appeared first on CryptoSlate.

2023-4-28 23:41


Биржа Coinbase готова к многолетнему судебному противостоянию с SEC

Американская криптобиржа Coinbase будет судиться с Комиссией по ценным бумагам и биржам. Об этом объявил генеральный директор торговой площадки Брайан Армстронг. Таким заявлением он прокомментировал претензии SEC, направленные бирже в прошлом месяце.

2023-4-19 14:57


Фото:

SEC расследует источники доходов и листинг Coinbase

Торговая платформа Coinbase сообщила, что Комиссия по ценным бумагам и биржам США (SEC) через суд затребовала информацию о размещении криптоактивов и собственных доходных продуктов компании.

2022-8-11 11:38


SEC хочет проверить все криптобиржи

По словам сотрудника офиса сенатора Синтии Ламмис, Комиссия по ценным бумагам и биржам (SEC) США проводит расследование в отношении Coinbase – крупнейшей биржи страны – а также нацелилась на глобального гиганта Binance.

2022-8-6 18:52


After SEC Pressure, Coinbase Decides To Drop Interest Product

It was just a couple weeks ago that Coinbase posted a blog post, paired with a hefty Twitter thread from CEO Brian Armstrong highlighting recent challenges with the SEC. Armstrong described the agency’s behavior as “sketchy” after the SEC seemingly threatened the exchange that a lawsuit would be impending should Coinbase launch their expected interest-yielding product, Lend.

2021-9-22 03:28


SEC угрожает судом Coinbase

Генеральный директор биржи криптовалют Coinbase Брайан Армстронг прокомментировал угрозы Комиссии по ценным бумагам и биржам США (SEC) в связи с недавно анонсированным продуктом компании. 1/ Some really sketchy behavior coming out of the SEC recently.

2021-9-8 10:47


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