In this video, I provide an update on the ongoing Coinbase-SEC case and discuss the latest reply from the SEC. The SEC maintains a strong and stubborn stance, claiming that Coinbase knew it may have been violating the law prior to the lawsuit. They argue that despite approving Coinbase’s registration in 2021, the legality of Coinbase’s conduct can still be questioned. Coinbase’s chief legal officer, Paul Grewal, responds to the SEC’s claims, highlighting contradictions and the SEC’s failure to prioritize investor protection. Grewal also mentions the potential involvement of the courts and the major questions doctrine in the case. I express my frustration with the SEC’s actions and their impact on retail investors. Check out the video for more details and analysis.
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https://www.coindesk.com/policy/2023/07/07/coinbase-knew-it-was-violating-the-law-prior-to-the-secs-lawsuit-regulator-claims/?utm_term=organic&utm_source=twitter&utm_content=editorial&utm_medium=social&utm_campaign=coindesk_main
https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.26.0.pdf
https://www.wsj.com/articles/regulating-crypto-markets-1e5ec5c5
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
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