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the SEC takes the court against the exchange Coinbase
The post the SEC takes the court against the exchange Coinbase appeared on BitcoinEthereumNews.com. The Securities and Exchange Commission (SEC) of the United States has just responded to the subpoena request from the exchange Coinbase, inviting the New York court to pay attention to the delicate issue. According to the officials of the supervisory agency, the crypto exchange would have requested the review of mountains of documents useless for the purposes of the case. Among the claims made by Coinbase, there would also be emails from Gary Gensler dating back to his period before being appointed as president. The SEC considers all this a great waste of time. However, Coinbase does not give up. Let’s see all the details below. The legal dispute between Securities and Exchange Commission and Coinbase: at stake a violation of US securities laws What happened today between the Securities and Exchange Commission (SEC) and Coinbase in the case that also involves the New York court is like a soap opera. Before delving into the details of the matter, let’s retrace the preamble of the feud that began last year between these two financial entities. Everything started in June 2023, while the SEC was putting pressure on the US cryptocurrency exchange sector, the notification arrived towards the leading exchange Coinbase. The federal entity had accused the digital asset exchange of offering its clients the opportunity to trade unregistered security tokens. The issue mainly fell within the category of products from staking, which according to the Commission violated the Howei test and could not be traded. In all this, Coinbase has also been accused of operating without the necessary registrations as a broker and clearing agency. From that moment on it has been open war between the crypto sector and the Securities and Exchange Commission. The SEC has declared an all-out war on #crypto, and this time they’re going after #Binance…
The post the SEC takes the court against the exchange Coinbase appeared on BitcoinEthereumNews.com.
The Securities and Exchange Commission (SEC) of the United States has just responded to the subpoena request from the exchange Coinbase, inviting the New York court to pay attention to the delicate issue. According to the officials of the supervisory agency, the crypto exchange would have requested the review of mountains of documents useless for the purposes of the case. Among the claims made by Coinbase, there would also be emails from Gary Gensler dating back to his period before being appointed as president. The SEC considers all this a great waste of time. However, Coinbase does not give up. Let’s see all the details below. The legal dispute between Securities and Exchange Commission and Coinbase: at stake a violation of US securities laws What happened today between the Securities and Exchange Commission (SEC) and Coinbase in the case that also involves the New York court is like a soap opera. Before delving into the details of the matter, let’s retrace the preamble of the feud that began last year between these two financial entities. Everything started in June 2023, while the SEC was putting pressure on the US cryptocurrency exchange sector, the notification arrived towards the leading exchange Coinbase. The federal entity had accused the digital asset exchange of offering its clients the opportunity to trade unregistered security tokens. The issue mainly fell within the category of products from staking, which according to the Commission violated the Howei test and could not be traded. In all this, Coinbase has also been accused of operating without the necessary registrations as a broker and clearing agency. From that moment on it has been open war between the crypto sector and the Securities and Exchange Commission. The SEC has declared an all-out war on #crypto, and this time they’re going after #Binance…
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