Patrick

Chair

Gary

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<div class="coingape"> 
 <h2 id="motion-for-entry-in-coinbase-vs-us-sec">Motion For Entry in Coinbase Vs US SEC</h2> 
 <p>According to a court filing on August 31, lawyer Patrick V. Kennedy at McDermott Will &amp; Emery filed a motion to appear pro hac vice as counsel for amicus The Chamber of Digital Commerce. Along with the Blockchain Association, the Chamber of Digital Commerce has been a primary amicus in the <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> vs SEC lawsuit.</p>  
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 <p>The Chamber of Digital Commerce wants to end the SEC’s attempt to regulate the digital asset industry by enforcement actions. As opposed to providing clear guidance and rules, the SEC’s actions are against both chambers of the U.S. Congress, which are working on crypto regulations. In fact, the Congress never granted authority to the SEC to regulate digital assets.</p> 
 <p>Meanwhile, <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> executives Brian Armstrong and Paul Grewal are confident about the dismissal of the lawsuit. Grewal asserts that the SEC and Chair Gary Gensler are trying to kill the crypto innovation in the U.S. Legislators have also urged the court to dismiss the lawsuit.</p> 
 <p>Ripple and Grayscale rulings have cleared that the SEC lacks understanding on which crypto are securities, indicating a lack of clear regulations.</p>  
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 <p><strong>Read More: XRP Lawyer Deaton And Top Analyst Predict Binance And <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a>’s Win Against US SEC</strong></p> 
 <h2 id="sec-losing-its-credibility">SEC Losing Its Credibility</h2> 
 <p>The SEC lost against Ripple and recently against Grayscale for rejecting Bitcoin ETF conversion without proper reasoning. SEC Chair Gary Gensler believes that all cryptocurrencies except Bitcoin are securities and the agency has jurisdiction over the crypto industry.</p> 
 <p>However, the SEC losing its credibility by making unlogical assertions related to crypto. The SEC has also delayed the decision on seven Bitcoin ETFs, causing loses to investors.</p> 
 <p><strong>Also Read:</strong></p> 
 <ul> 
  <li>The US SEC Delayed All 7 Spot Bitcoin  ETF Applications, What’s Next?</li> 
  <li>BTC Price Prediction: Bitcoin Rejected At $27k, Is $20k Imminent?</li> 
  <li>Terra Luna Classic (LUNC) Proposes A Decentralized Debit Card</li> 
 </ul> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/new-lawyer-enters-coinbase-vs-us-sec-lawsuit-tbt61178.html">https://thebittimes.com/new-lawyer-enters-coinbase-vs-us-sec-lawsuit-tbt61178.html</a></p>

New Lawyer Enters Coinbase Vs US SEC Lawsuit

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