• 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

Kevin Warsh Confirmed as Federal Reserve Governor

chest

Kevin Warsh has been confirmed by the US Senate to join the Federal Reserve Board of Governors.

user avatarLucas Weissmann

Citi Analysts Predict Positive Outlook for Broadcom AVGO Stock

chest

Citi analysts have raised their price target for Broadcom AVGO stock to $500, anticipating strong revenue growth driven by AI demand ahead of the company's Q2 earnings report on June 3, 2026.

user avatarFilippo Romano

Bitcoin Mining Faces Pressure as Rewards Decline

chest

The Bitcoin mining economy is currently facing significant pressure as the halving system continues to reduce miner rewards, raising concerns about profitability and network security.

user avatarEmily Carter

Emin Gn Sirer Raises Concerns Over Bitcoin's Long-term Security

chest

Avalanche founder Emin Gn Sirer raises concerns about Bitcoin's long-term security due to declining miner incentives, warning of potential risks to the network's stability.

user avatarTomas Novak

Anthropic and OpenAI Announce Major Changes to Stock Transfer Policies

chest

Anthropic and OpenAI updated their stock transfer policies, declaring unauthorized transfers void, impacting investors.

user avatarKaterina Papadopoulou

Sui Network Experiences Explosive Market Momentum

chest

Sui Network is showing explosive momentum in the market, breaking out of a 7-month descending trendline and moving through key resistance levels, with potential for further growth.

user avatarLeo van der Veen

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.