• 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

a year 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

UK Faces Recession Threat Due to Trump's Tariffs

chest

Economists warn that tariffs imposed during President Trump's administration could push the UK into a recession, with a potential GDP loss of £22 billion.

user avatarAisha Farooq

Constellation Energy Positioned for Growth Amidst Nuclear Policy Changes

chest

Constellation Energy is strategically positioned to benefit from U.S. nuclear energy initiatives, especially as Germany acknowledges its energy policy mistakes.

user avatarBayarjavkhlan Ganbaatar

Bybit Concludes 7UpBybit Anniversary Campaign with 13 Million Participants

chest

Bybit successfully concludes its 7UpBybit anniversary campaign, attracting over 13 million participants worldwide.

user avatarMohamed Farouk

Japan's Finance Minister Announces Measures to Stabilize Bond Market

chest

Japan's Finance Minister Katayama announces plans to invest over 330 billion in AI and chips to stabilize the bond market amidst rising yields and global sales.

user avatarTenzin Dorje

Emergent AI Startup Secures $70M Funding

chest

Emergent, an Indian-origin startup, has raised $70 million in Series B funding, achieving a valuation of $300 million.

user avatarElias Mukuru

Emergent's VibeCoding Platform Transforms Software Development

chest

Emergent's VibeCoding platform is revolutionizing software development by enabling non-technical founders to create applications with AI assistance.

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.