News translation:
In a 36-page closing statement submitted to the Third Circuit Court of Appeals on Friday, cryptocurrency company Coinbase stated that it is caught in a “quagmire of Rule 22”. Coinbase stated that the Securities and Exchange Commission (SEC) is demanding compliance while simultaneously suing companies that fail to comply and refusing to establish rules.
In its brief, Coinbase stated, “This pattern of conduct is a deliberate attempt to destroy an industry by demanding the impossible and suing companies that fail to achieve it.” Coinbase further added that the agency is attempting to achieve a significant policy change.
The exchange stated, “The SEC claims that its position on digital assets has never changed. But the fact is that the SEC’s contrary evidence is nothing more than abstract statements that the application of securities laws to digital assets depends on ‘facts and circumstances’.”
Tags:
Coinbase
SEC
Regulation
Lawsuit
Source link:
https://www.theblock.co/post/297825/coinbase-accuses-the-sec-of-trying-to-dest…
Note: All Bitpush articles represent the author’s point of view and do not constitute investment advice.
Original article link: https://www.bitpush.news/articles/6826970
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