• 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

Senator Blumenthal Initiates Investigation into Binance's Sanctions Violations

chest

Senator Richard Blumenthal has initiated a formal investigation into Binance's potential violations of US and international sanctions.

user avatarKenji Takahashi

Senate Democrats Call for Investigation into Binance Amid Allegations

chest

Eleven Senate Democrats, led by Elizabeth Warren, are urging an investigation into Binance's operations due to allegations of facilitating illicit finance activities.

user avatarMaria Fernandez

Tether Freezes $42 Billion in USDT Linked to Illicit Activity

chest

Tether has frozen approximately $42 billion worth of USDT tokens due to suspected illicit activities, highlighting the need for blockchain transparency and cooperation with law enforcement.

user avatarGustavo Mendoza

Tether Collaborates with Authorities to Combat Financial Crimes

chest

Tether has engaged in multiple enforcement actions with various authorities to address financial crimes involving USDT.

user avatarRajesh Kumar

Matt Corallo Highlights Bitcoin's Commitment to Post-Quantum Cryptography

chest

Matt Corallo highlights Bitcoin's commitment to post-quantum cryptography, addressing misconceptions and showcasing ongoing research and proposals.

user avatarMiguel Rodriguez

Trump Media Plans to Spin Off Truth Social into Separate Entity

chest

Trump Media and Technology Group plans to spin off its social media platform Truth Social into a separate public entity called SpinCo, merging with Texas Ventures III.

user avatarArif Mukhtar

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.