Order

Cryptocurrency

April

<p>The post <a href="https://coinpedia.org/news/coinbase-seeks-court-order-for-sec-document-disclosure-in-crypto-lawsuit/" rel="noopener noreferrer nofollow">Coinbase Seeks Court Order for SEC Document Disclosure in Crypto Lawsuit</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Cryptocurrency companies face a regulatory roadblock, and Coinbase is taking a stand. It’s time for change.&nbsp;</p>
<h2 class="wp-block-heading" id="h-coinbase-challenges-pre-sec-days"><strong>Coinbase Challenges Pre-SEC Days</strong></h2>
<p>Paul Grewal, <span style="box-sizing: border-box; margin: 0px; padding: 0px;">Coinbase’s Chief Legal Officer, took to X to&nbsp;<a href="https://x.com/iampaulgrewal/status/1815855349779542333?t=VmOfQxIHm6M73ZQCL8-Kwg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">share&nbsp;</a>a significant development in the ongoing legal battle between Coinbase and the SEC. Grewal announced that Coinbase formally requested the Court to order the SEC to produce critical documents as part of the discovery process on Tuesday</span>.</p>
<p>In the <a href="https://assets.ctfassets.net/sygt3q11s4a9/0q4JFjf9Bz7ZAZ5HLIqkY/b9a0c1eafee580867ce652aeee3db9af/CoinbaseMotionToCompel.pdf" rel="noopener noreferrer nofollow">motion</a>, Coinbase stated that several years ago, SEC commissioners and staff met with cryptocurrency market stakeholders, including Coinbase, and issued public statements and guidance on cryptocurrency regulation before the SEC’s lawsuit against Coinbase. Coinbase is requesting that the court compel the agency to provide certain documents related to tokens in the SEC complaint, documents related to the SEC’s review of Coinbase’s becoming a public company in April 2021, and statements made by Gensler during his tenure at the SEC regarding his personal and professional views.</p>
<h2 class="wp-block-heading" id="h-importance-for-coinbase-s-defense"><strong>Importance for Coinbase’s Defense</strong></h2>
<p>Grewal highlighted that these documents are directly relevant to the claims the SEC has made against Coinbase. They also play a crucial role in Coinbase’s fair notice defense, which argues that the company did not receive adequate warning or guidance from the SEC regarding the regulatory status of the tokens in question.&nbsp;</p>
<p>By obtaining these documents, Coinbase aims to show that they were not given fair notice and to more effectively challenge the SEC’s claims.</p>
<h2 class="wp-block-heading" id="h-gensler-s-views-matter"><strong>Gensler’s Views Matter</strong></h2>
<p>Moreover, Coinbase also argues that Gensler’s personal views on cryptocurrency are relevant to their case, highlighting inconsistencies in the SEC’s regulatory approach. While Coinbase initially sought to subpoena Gensler’s private communications, Judge Failla deemed this inappropriate. The new motion, however, requests any relevant communications Gensler made during his tenure at the SEC, including those in a private capacity.</p>
<h3 class="wp-block-heading" id="h-implications-for-crypto"><strong>Implications for Crypto</strong></h3>
<p>Coinbase’s legal challenge underscores the urgent need for transparent and consistent regulation within the rapidly expanding digital asset sector. By compelling the SEC to comply with fair regulatory requirements and disclose essential records, Coinbase aims to establish clarity and transparency in regulatory practices.</p>

Coinbase Seeks Court Order for SEC Document Disclosure in Crypto Lawsuit

目录

CoinPedia News

发布于 2024年7月24日的其他文章

Google parent Alphabet profit surges 29% in Q2 amid AI splurge

Russia’s Crypto Mining ‘Legalization’ Bills Could Be Approved ‘This Week’

A Closer Look at Crypto Market Leaders: Key Features of the Top Meme Coin Presale

Chintai Partners With Allo to Enter US Market and Tokenize Real-World Assets (24 Jul)

Market Braces for BTC Price to Hit $80k in July, Investors Double Down on DOGE and AI Platform Al...

Bitcoin (BTC) price still hovers above $66k despite Mt. Gox repayments

订阅我们免费的电子期刊，获取每日最新加密领域动态！