Coinbase responded to the SEC’s lawsuit against the exchange, claiming that the agency’s approach is damaging America’s ability to compete economically.
“The SEC’s reliance on an enforcement-only approach in the absence of clear rules for the digital asset industry is hurting America’s economic competitiveness and companies like Coinbase that have a demonstrated commitment to compliance,” said Paul Grewal, chief legal officer and general counsel at Coinbase, in a statement.
Yet he added that the exchange plans to continue as normal.
“The solution is legislation that allows fair rules for the road to be developed transparently and applied equally, not litigation. In the meantime, we’ll continue to operate our business as usual,” said Grewal.
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Source: https://www.theblock.co/post/233315/coinbase-sec-lawsuit-is-hurting-americas-economic-competitiveness?utm_source=rss&utm_medium=rss