The post Breaking News : Coinbase Sues SEC, Demands Clarity on Digital Asset Regulations appeared first on Coinpedia Fintech News
Coinbase, a popular crypto exchange, has filed a lawsuit against the Securities and Exchange Commission (SEC) because they want the SEC to share their answer to a petition from July 2022.
The petition asked if the SEC would regulate digital assets, like cryptocurrencies, using the existing SEC frameworks. However, the SEC has not publicly responded to the petition yet, and in the meantime, they have been increasing their enforcement actions and warnings against crypto exchanges, including Coinbase.
Coinbase’s chief legal officer, Paul Grewal, said that the SEC has not shared its decision on their petition to regulate digital assets. They filed a lawsuit to force the SEC to share its decision. The SEC has taken actions against several crypto exchanges and individuals accused of manipulating crypto assets since January.
This is Coinbase’s first move against the regulator, after being warned by the SEC of pending legal action. Grewal said that regulatory clarity is needed for the industry, as Coinbase and other crypto companies are facing potential regulatory enforcement actions without knowing how the SEC believes the law applies to their business.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks