We’ve got some juicy news for you. The U.S. Securities and Exchange Commission (SEC) continues pursuing Coinbase, one of the biggest U.S. crypto trading platforms. The SEC has filed a new argument stating that Coinbase knew years ago that federal securities laws might apply to its business. It’s like a game of cat and mouse, and the SEC is not backing down!
This all started when the SEC sued Coinbase last month, accusing the company of operating as an unregistered brokerage. Coinbase, in response, argued that the regulator does not have jurisdiction over it. But the SEC isn’t having any of it. In their latest filing, they’ve argued that Coinbase acknowledged some years back that federal securities laws may apply to its listings. It’s like the SEC is saying,
“You knew the rules, and you chose to ignore them.”
This is a significant development in the ongoing saga between Coinbase and the SEC. It’s like a high-stakes poker game, and the SEC just raised the stakes. The outcome of this case could have far-reaching implications for the crypto industry, potentially setting a precedent for how crypto companies are regulated in the future.
In the meantime, Coinbase is likely to oppose any motions for judgment filed by the SEC. It’s like they’re digging in their heels, ready to fight back. This story is far from over, and we’ll keep a close eye on how it unfolds.
