Coinbase’s Lawyer Addresses SEC’s Wells Notice a ‘Massive Overreach’
Coin Edition
Published Mar 25, 2023 20:27
Updated Mar 25, 2023 20:45
Coinbase’s Lawyer Addresses SEC’s Wells Notice a ‘Massive Overreach’
- Laura Shin tweeted about Paul Grewal’s interview on the podcast Unchained.
- In the interview, Grewal stated that none of Coinbase’s queries were answered by the SEC over the last nine months.
- Grewal added that the SEC prefers court fights rather than conversations.
The crypto journalist and podcaster, Laura Shin, updated her official Twitter page with the interview of Paul Grewal, the top lawyer of the leading crypto exchange Coinbase (NASDAQ:COIN), in which he addressed the Securities and Exchange Commission’s (SEC) Wells Notice against the company a “Massive Overreach”.
On March 24, the podcast channel Unchained, released its latest video, an interview with Coinbase’s lawyer, highlighting his concerns over the SEC’s recent “warning that it would pursue legal action against the crypto exchange”.
Significantly, the lawyer stated that when Coinbase received the SEC’s Wells Notice, though the company was disappointed, it was never surprised; for many years the company has been trying to “get reasonable rules to operate rating in plain sight and the commission is simply chosen or refused to engage with us [Coinbase]”.
Notably, Shin shared a thread commenting that Grewal has been complaining about the SEC’s current stance, the preference for “court fights” rather than “conversations”:
Furthermore, Coinbase’s lawyer elaborated on the SEC’s refusal to provide adequate information on any of the necessities that the company asked for. The basic doubts related to the unique blockchain technologies that should be accommodated by the exchange hasn’t been answered by the SEC.
The post Coinbase’s Lawyer Addresses SEC’s Wells Notice a ‘Massive Overreach’ appeared first on Coin Edition.
See original on CoinEdition
Get The App
Written By: Coin Edition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.