Coinbase CLO Comments on SEC Amendment in Binance Case

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

AI Researchers Reduce Quantum Attack Resource Benchmark by 86 Times

chest

Researchers have reduced the computing resources needed for a potential quantum attack on Bitcoin and Ethereum by 86 times.

user avatarJesper Sørensen

Regulators Urge Faster Cybersecurity Measures in Banking Sector

chest

Regulatory bodies are urging banks to adopt quicker patching and incident response strategies to combat evolving cyber threats.

user avatarRajesh Kumar

Advanced AI Accelerates Cyberattack Risks for Banks

chest

A new paper highlights the increasing threat posed by advanced AI to banks' cybersecurity, emphasizing the need for faster software repairs.

user avatarLucas Weissmann

US Stock Market Faces Turmoil Amid Rising Bond Yields and Oil Prices

chest

The US stock market is facing significant declines due to rising bond yields and increasing oil prices, influenced by geopolitical tensions.

user avatarFilippo Romano

Zoomex Launches World Trading Championship 2026 with Record Prize Pool

chest

Zoomex announces the launch of the World Trading Championship 2026 with a record prize pool of 5,000,000 USDT, featuring an expanded multi-asset competition format.

user avatarEmily Carter

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

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.