Coinbase CEO Brian Armstrong hits back at SEC lawsuit on social media

2023-6-7 21:57

Coinbase CEO Brian Armstrong spoke out against the SEC’s decision to file a lawsuit against the exchange.

The SEC’s charges, filed early today, are based on the accusation that Coinbase has been listing securities without registering with the federal body. This has triggered additional actions from Alabama and New Jersey, heightening the scrutiny over the digital asset platform.

Armstrong responded to the SEC’s charges on Twitter, pointing out that the SEC reviewed and permitted Coinbase to become a publicly-traded company in 2021, thus rejecting the idea that the company was operating without oversight.

The Coinbase CEO wrote:

“Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America”

Armstrong noted Coinbase’s attempts to register with the SEC, highlighting the regulatory body’s lack of clear understanding with the Commodity Futures Trading Commission (CFTC) regarding the classification of what constitutes a crypto security or commodity in the first place.

“We don’t list securities”

The controversy arises amid increasing confrontations in the U.S. between regulators and companies (or projects or protocols) operating in the industry. The sticking point in the arguments is in the technical definitions of securities and crypto assets, and whether a financial tool not invented until the 21st Century is subject to early 20th Century definitions or vocabulary.

Armstrong contends publicly that Coinbase does not list securities. “We reject the vast majority of assets we review,” he wrote, implying that the exchange relied on internal measures for making such judgments in the absence of clear language from the SEC.

These actions against Coinbase are all in the wake of the SEC’s decision to sue Binance, as well as its CEO Changpeng Zhao on June 5.

The post Coinbase CEO Brian Armstrong hits back at SEC lawsuit on social media appeared first on CryptoSlate.

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coinbase sec ceo against armstrong lawsuit brian

Источник: cryptoslate.com

coinbase sec → Результатов: 126


Фото:

Эдвард Сноуден: «SEC проиграет судебную тяжбу с Coinbase»

Бывший сотрудник ЦРУ Эдвард Сноуден предположил, что у крупнейшей американской криптобиржи Coinbase есть большие шансы выиграть судебное разбирательство с Комиссией по ценным бумагам и биржам США (SEC).

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Юристы крупнейшей американской криптовалютной биржи Coinbase направили ходатайство в апелляционный суд третьего округа США с требованием заставить SEC разработать четкие правила по регулированию криптовалют.

2024-3-12 10:33


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Coinbase vs. SEC: potential impact of a spot Bitcoin ETF approval

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Coinbase Opens Appeal Against ‘Arbitrary and Capricious’ SEC Regulations Denial

Coinbase has filed an appeal against the SEC's denial to classify cryptocurrencies as securities, challenging the decision as "arbitrary and capricious. " This action signifies a major step in the ongoing quest for regulatory clarity in the cryptocurrency market, with Coinbase leading the charge against the SEC's slow response and perceived regulatory overreach.

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Coinbase: SEC превышает полномочия

SEC вышла за рамки своих компетенций в отношении криптовалют в деле против Coinbase. Об этом говорится в ответе биржи на иск регулятора. По словам представителей Coinbase, перечисленные в претензии активы не являются инвестиционными контрактами и, следовательно, не могут приравниваться к ценным бумагам.

2023-6-30 18:46


Coinbase не будет делистить токены из-за SEC

Криптовалютная биржа Coinbase не собирается проводить делистинг токенов, которые, по заявлению Комиссии по ценным бумагам и биржам (SEC), считаются ценными бумагами. Генеральный директор компании Брайан Армстронг в интервью Axios заявил, что Coinbase будет продолжать вести бизнес по обычным правилам, и торговля указанными активами продолжится до вынесения решения суда.

2023-6-9 16:45


Фото:

CoinGecko: Объемы торгов на DEX выросли на 444% на фоне иска SEC к Binance и Coinbase

По данным сервиса CoinGecko, медианный объем торгов на децентрализованных криптобиржах (DEX) за последние два дня вырос на 444%. Аналитики связывают это с иском SEC к биржам Coinbase и Binance.

2023-6-7 09:19


The SEC strikes again: First Binance, now Coinbase

Key takeaways The US SEC has sued crypto exchange Coinbase for acting as an unregistered broker. This latest development comes a few hours after the regulatory agency sued Binance. SEC sues Coinbase for acting as an unregistered broker The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, one of the […] The post The SEC strikes again: First Binance, now Coinbase appeared first on CoinJournal.

2023-6-7 15:51


Coinbase has lodged a court petition requesting that the SEC respond to a rulemaking petition the firm had submitted in 2022.

Coinbase, a cryptocurrency exchange, has taken a proactive approach by filing an Administrative Procedure Act challenge against the U. S. Securities and Exchange Commission (SEC). In this filing, Coinbase requests that the Third Circuit Court of Appeals compel the SEC to provide clarity regarding how current securities laws could apply to digital assets.

2023-4-25 16:09


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Комиссия по ценным бумагам и биржам США (SEC) предупредила криптобиржу Coinbase, что может принять против нее принудительные меры за продажу незарегистрированных ценных бумаг.

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