Former SEC Chairperson John Reed Stark said the Securities Exchange Commission just argued in a new legal memo in the Coinbase case that Judge Katherine Polk Failla's March order found that the Securities Exchange Commission had sufficiently demonstrated that Coinbase provided securities and that the order should stand.
On the other hand, Coinbase argues that there is a lack of regulatory clarity on what constitutes a security, which requires appellate review. As I said in my testimony last week, Judge Failla's dismissal of Coinbase's order to dismiss the SEC case's motion (and many similar orders, such as Kik, Telegram, LBRY, and Terra Form Labs, to name a few) and decades of legal merit have provided Coinbase with regulatory clarity and 80 years of legal precedent. In other words, Coinbase's "lack of regulatory clarity" argument is highly unconvincing.
Former SEC Chairperson: Coinbase's "lack of regulatory clarity" argument is highly unconvincing
2024-05-14 03:37:24
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
前SEC主席：Coinbase的"缺乏规范清晰性"论点是非常缺乏说服力的Next article：
Alameda标记地址已将约762枚ETH转移到Coinbase
