Coinbase CEO responds to SEC complaint, says team 'confident' in facts and law

In a social media post, Brian Armstrong said he thought the SEC rules were unclear and that the courts had to make decisions to clarify them.< /p> News Join us on social networks

Coinbase CEO Brian Armstrong has publicly responded to the U.S. Securities and Exchange Commission's (SEC) lawsuit against his company, saying in a tweet that the team is "confident in our facts and the law” and that she welcomes the chance “to finally get some clarification on the cryptography rules” in court.

In regards to the SEC complaint against us today, we are proud to represent the industry in court to finally obtain clarification on cryptography rules.

Remember:1. The SEC reviewed our business and allowed us to become a public company in 2021.2. There is no way to "enter and…

The SEC filed a lawsuit against crypto exchange Coinbase on June 6, alleging the company operated a stock exchange, brokerage, and clearinghouse without registering with the commission. In his filing, he argued that 13 different cryptocurrencies sold by Coinbase fit the definition of securities, including Cardano (ADA), Solana (SOL), Polygon (MATIC), Filecoin (FIL), and others.

In his response on Twitter, Armstrong claimed that the lawsuit against Coinbase is “very different from others” because it is “exc...