• 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

Solana's Price Drops Below 80 Amidst Ongoing Ecosystem Development

chest

Solana's price has fallen below the 80 mark, raising caution among traders, but the ecosystem continues to grow with real-world assets and DeFi activities.

user avatarDiego Alvarez

Revised Editorial Guidelines Target Improved Content Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in content.

user avatarKenji Takahashi

New Editorial Policy Launched to Ensure Content Quality

chest

A new editorial policy has been established to enhance the quality of content.

user avatarMaria Fernandez

Challenges for Shiba Inu to Reach 1 Price Level

chest

Experts discuss the improbability of Shiba Inu SHIB reaching the 1 price level due to its high supply and market cap implications.

user avatarRajesh Kumar

Shiba Inu SHIB Faces Challenges in Regaining Popularity

chest

Shiba Inu SHIB has faced a significant decline in value since its peak in 2021, primarily due to the high supply of SHIB coins, which stands at about 589 trillion. The challenges of reducing supply and boosting demand remain substantial.

user avatarGustavo Mendoza

Robinhood Expands into Stablecoin Yield with New Earn Structure

chest

Robinhood has launched a new Earn structure offering a 7% APY tied to USDG, entering the stablecoin yield market to attract users and enhance engagement.

user avatarMiguel Rodriguez

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.