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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC's Derivatives Trading Volume Reaches New Heights in Q3 2026

MEXC's derivatives trading volume reached 963 billion in Q3 2026, ranking fourth among exchanges.

user avatarEmily Carter

Sui Foundation Discusses Programmable Transaction Documentation

Sui Foundation discusses the benefits of programmable transaction documentation for executing multiple commands in financial workflows.

user avatarLi Weicheng

Bitcoin White Paper Celebrates Eighteenth Anniversary

On October 31, 2023, the Bitcoin white paper, originally introduced by Satoshi Nakamoto, celebrates its eighteenth anniversary, outlining a system to verify payment history without a central ledger.

user avatarLucas Weissmann

MEXC Celebrates Bitcoin Whitepaper Day with New Campaign

MEXC celebrates the 18th anniversary of the Bitcoin whitepaper with a campaign aimed at fostering community dialogue and exploring new financial opportunities.

user avatarFilippo Romano

MEXC Ranks Second in Commodity Perpetuals Trading Volume in Q3 2026

MEXC ranked second in commodity perpetuals trading volume in Q3 2026, capturing a 17.43% market share.

user avatarTomas Novak

Bitcoin ETF Withdrawals Signal Caution Among Investors

Bitcoin ETF withdrawals on October 30 signal growing caution among investors amid security concerns and market volatility.

user avatarMaya Lundqvist

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.