Coinbase Reminds World It Tried to 'Pass Regulation' as SEC Sues Violation

Coinbase met with the SEC 30 times in 2022 for regulatory advice and now it will "defend itself vigorously", he says.< /p> Coinbase reminds the world that it tried to pass the regulations' because the SEC is suing for violation News Join us on social networks

"Coinbase has adopted regulation since its inception over a decade ago," the cryptocurrency exchange's chief legal officer, Paul Grewal, told the United States Congress on June 6. “The SEC [Securities and Exchange Commission] allowed us to go public in April 2021, which makes us unique in the crypto industry.”

Coinbase was sued by the SEC for alleged securities law violations on June 6, a day after the agency sued Binance and two and a half months after it received a notice from Wells warning the US-based exchange United States of possible imminent regulatory action. Coinbase CEO Brian Armstrong said at the time:

"A Wells opinion at this stage, when there is no clear settlement, is not constructive."

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Coinbase Reminds World It Tried to 'Pass Regulation' as SEC Sues Violation

Coinbase met with the SEC 30 times in 2022 for regulatory advice and now it will "defend itself vigorously", he says.< /p> Coinbase reminds the world that it tried to pass the regulations' because the SEC is suing for violation News Join us on social networks

"Coinbase has adopted regulation since its inception over a decade ago," the cryptocurrency exchange's chief legal officer, Paul Grewal, told the United States Congress on June 6. “The SEC [Securities and Exchange Commission] allowed us to go public in April 2021, which makes us unique in the crypto industry.”

Coinbase was sued by the SEC for alleged securities law violations on June 6, a day after the agency sued Binance and two and a half months after it received a notice from Wells warning the US-based exchange United States of possible imminent regulatory action. Coinbase CEO Brian Armstrong said at the time:

"A Wells opinion at this stage, when there is no clear settlement, is not constructive."

...

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