• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Coinbase CLO Comments on SEC Amendment in Binance Case

user avatar

by Giorgi Kostiuk

2 years ago

  1. SEC's Note in the Complaint
  2. Comment by Coinbase CLO
  3. Reaction of Former SEC Director


    4. Coinbase Chief Legal Officer Paul Grewal commented on a footnote in the SEC's complaint against Binance regarding the status of crypto assets.

    SEC's Note in the Complaint

    In its footnote, the SEC stated that the use of the term 'crypto asset securities' does not imply that crypto assets themselves are securities. The SEC added that the term is used as a shorthand and regretted any confusion caused. The complaint also states that crypto assets remain the subject of an investment contract, and their economic reality has not changed.

    Comment by Coinbase CLO

    Paul Grewal noted that the SEC regretted the confusion and emphasized that the SEC previously claimed tokens themselves to be securities, which they have now refuted.

    Reaction of Former SEC Director

    Former SEC regional director Marc Fagel disputed the significance of this statement, noting that Crypto Twitter mistakenly assumed that the SEC would remove tokens from the complaint, which it did not do.

    The situation highlights the complexities of regulating crypto assets, as various actors continue to offer their interpretations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Arbitrum Security Council Takes Action to Correct Delegated Voting Power Discrepancy

chest

The Arbitrum Security Council has initiated a nonemergency governance action to correct a discrepancy in the Delegated Voting Power of the ARB token contract.

user avatarAisha Farooq

ethlimo's Q2 2026 Update Reveals Advancements in ENS Infrastructure

chest

ethlimo's Q2 2026 update highlights significant advancements in ENS infrastructure, showcasing its growing utility beyond crypto usernames.

user avatarTenzin Dorje

NEAR Governance Approves Removal of Developer Gas Rebates

chest

NEAR governance has voted to eliminate the 30 developer gas rebate program, redirecting all execution fees toward a protocol-level burn, expected to take effect in August 2026.

user avatarBayarjavkhlan Ganbaatar

Optimism Addresses Critical Vulnerability Before Production Exploitation

chest

Optimism disclosed a critical vulnerability in its preLagoon refund path, which was patched before exploitation on production chains.

user avatarMohamed Farouk

Dev3pack Program Reports Significant Developer Engagement

chest

The final report from the Dev3pack program highlights significant developer engagement and training outcomes.

user avatarElias Mukuru

Robinhood CEO's Account Hacked to Promote Fake Memecoin

chest

The X account of Robinhood CEO Vlad Tenev was hacked to promote a fraudulent memecoin, highlighting vulnerabilities in crypto security.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.