SEC Permitted to Sue Coinbase for Offering Unregistered Securities from pickup trucks for sale under 5000 dollars Watch Video

⏲ Duration: 1:31
👁 View: 30K times
✓ Published: 29-Mar-2024

Description:
SEC Permitted to Sue Coinbase , for Offering Unregistered Securities.<br/>U.S. District Judge Katherine Polk Failla <br/>has ruled that the Securities and Exchange Commission's (SEC) lawsuit against Coinbase <br/>can proceed, The Verge reports. .<br/>The SEC has sufficiently pleaded <br/>that Coinbase operates as an exchange, <br/>as a broker, and as a clearing agency <br/>under the federal securities laws, , U.S. District Judge Katherine Polk Failla, via ruling.<br/>... and, through its Staking Program, <br/>engages in the unregistered <br/>offer and sale of securities, U.S. District Judge Katherine Polk Failla, via ruling.<br/>The judge rejected arguments that existing laws are inadequate when it comes to crypto. .<br/>The judge rejected arguments that existing laws are inadequate when it comes to crypto. .<br/>The ‘crypto’ nomenclature may be <br/>of recent vintage, but the challenged <br/>transactions fall comfortably within the <br/>framework that courts have used to identify <br/>securities for nearly eighty years, U.S. District Judge Katherine Polk Failla, via ruling.<br/>Coinbase chief legal officer Paul Grewal <br/>took to X to respond to the ruling. .<br/>Coinbase chief legal officer Paul Grewal <br/>took to X to respond to the ruling. .<br/>Early motions like ours <br/>against a government agency <br/>are almost always denied. , Paul Grewal, Coinbase chief legal officer, via X.<br/>But clarity is the ultimate <br/>goal and today’s decision <br/>continues us on that path, Paul Grewal, Coinbase chief legal officer, via X.<br/>Looking ahead, we remain confident <br/>in our legal arguments, we look <br/>forward to proving we’re right, , Paul Grewal, Coinbase chief legal officer, via X.<br/>... we are eager for the opportunity to <br/>take discovery from the SEC for the first <br/>time, and we appreciate the Court’s <br/>continued consideration of our case. , Paul Grewal, Coinbase chief legal officer, via X