Coinbase: SEC Launches'Devastating Lawsuit 'That Destroys Cryptocurrency Industry
2024-05-31 14:41:05
In its 36-page closing arguments filed Friday, Coinbase said cryptocurrency companies are caught in a dilemma. The SEC has demanded that companies comply while launching devastating lawsuits against those that fail to comply and refusing to make rules, Coinbase said. In its closing arguments, Coinbase said: This pattern of behavior is the deliberate destruction of an industry by demanding the impossible and suing companies that fail to meet their goals. In pushing for rule-making, Coinbase argued that the appeals court should order the Securities Exchange Commission (SEC) to begin writing rules for cryptocurrencies.
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