“To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said Tuesday. “It contends the SEC blessed Coinbase’s violative conduct when Coinbase went public, that SEC Chair Gary Gensler’s answer to a question at a Congressional hearing (which Coinbase distorts) controls this Court’s application of the federal securities laws, and that the SEC in any case lacks authority to regulate securities transactions that involve crypto assets.”
Related posts
-
NYSE, CBOE to list Bitcoin ETF options after SEC approval
The U.S. Securities and Exchange Commission has granted “accelerated approval” for listing Bitcoin options exchange-traded funds... -
NYSE, Cboe Win SEC Approval for Bitcoin (BTC) ETF Options
In its NYSE approval, the SEC wrote that it believes options on the bitcoin ETFs “would... -
Crypto.com v. SEC Is a Bold, ‘Bet the Company’ Case
And so, somehow, Crypto.com has reached the precipice. If it wins the first “ripeness” issue and...