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<ul class="news-points"><li>Paul Grewal criticized the recent SEC-Binance court hearing after reviewing its transcript.</li><li>The lawyer questioned the regulator’s misrepresentation of Rule 8.</li><li>The SEC requested the court to reserve its rights and dismiss the motion without affecting the commission.</li></ul>Paul Grewal, an American attorney, and Chief Legal Officer at the SEC-sued <a href="https://coinedition.com/tag/coinbase-news/" rel="noopener noreferrer nofollow">crypto exchange Coinbase</a>, criticized the SEC-Binance court hearing, after a detailed review of its transcript. In his recent tweet, Grewal cast doubt on the Securities and Exchange Commission (SEC) right to “reserve” and to “get past” the motion under the court’s Rule 8.Subsequent to the SEC’s series of<a href="https://www.sec.gov/news/press-release/2023-101" rel="noopener noreferrer nofollow"></a>accusations on the prominent <a href="https://coinedition.com/tag/binance-news/" rel="noopener noreferrer nofollow">crypto platform Binance</a>, the regulators requested the US Federal Court to freeze the assets of the exchange as a move to ensure customer protection. However, in the recent court hearing mentioned by Grewal, the court proposed a compromise between the agency and the exchange, allowing Binance to continue its operations.On June 26, the Coinbase attorney shared a Twitter thread, questioning the regulator’s intent while introducing a faulty statement regarding Rule 8:<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">Maybe I'…</blockquote></div></figure>The post <a href="https://coinedition.com/coinbase-lawyer-casts-doubt-on-the-secs-misrepresentation-of-rule-8/" rel="noopener noreferrer nofollow">Coinbase Lawyer Casts Doubt on the SEC’s Misrepresentation of Rule 8</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Coinbase Lawyer Casts Doubt on the SEC’s Misrepresentation of Rule 8

Coin Edition

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