Coinbase wist dat het in strijd was met de Amerikaanse wetten, beweert de SEC

• De SEC diende een reactie in op een brief van Coinbase waarin stond dat de beurs wist dat het de Amerikaanse wetten schond.
• The regulator said that the crypto exchange “made the calculated decision to take on this risk.”
• Coinbase legal chief Paul Grewal said that the SEC filing contradicts Gary Gensler’s statements. 
• De beurs is van mening dat de SEC niet bevoegd is om de cryptobeurs aan te klagen.

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According to the United States Securities and Exchange Commission (SEC), the leading exchange in the country, Coinbase, knew that it was in violation of US securities laws prior to the regulator’s lawsuit. The two entities have been arguing over the listing of some of the cryptocurrencies on the exchange that the regulator considers securities.

De SEC diende een rechtbank indienen in response to Coinbase’s claims that the regulator does not have sufficient authority to file a lawsuit against the crypto exchange. It is crucial to note that the regulator spande een rechtszaak aan tegen het cryptohandelsplatform in juni beweerde dat het door Brian Armstrong geleide bedrijf een niet-geregistreerde effectenbeurs exploiteerde. 

In de rechtszaak noemde de toezichthouder 13 verschillende cryptocurrencies die niet-geregistreerde effecten zijn, waaronder Solana (SOL), Cardano (ADA), enz.

“Coinbase, a multi-billion-dollar entity advised by sophisticated legal counsel, argues it was unaware that its conduct risked violating the federal securities laws, and suggests that by approving Coinbase’s registration statement in 2021, the SEC confirmed the legality of Coinbase’s underlying business activities – at that time and for all time,” the SEC said.

In the filing sent by the lawyers representing the SEC to Judge Katherine Polk Failla of the Southern District Court of New York, the regulator said that Coinbase “adopted the very legal framework as a basis for making listing decisions that it now claims has no applicability to its activities.”

Paul Grewal, the Chief Legal Officer at the crypto exchange, said that the SEC is ignoring the statements made by Chair Gary Gensler a month ago, wherein he said that “there are no regulatory authorities applicable to cryptocurrency exchanges.”

After Coinbase gave notice of it intent to move to throw out their case, we consented to a few extra days for the SEC to explain why it intends to oppose. They’ve now filed and, sadly, it’s more of the same. 1/6

— paulgrewal.eth (@iampaulgrewal) 7 juli 2023

Het is belangrijk op te merken dat de deponeringen van Coinbase ook wijzen op het feit dat een potentieel risico voor klanten draait om de mogelijkheid dat beursgenoteerde digitale activa als effecten worden beschouwd. 

“These actions clearly show that Coinbase understood that the securities laws could apply to its conduct and knew which rules to consider in evaluating the legality of its conduct, but nevertheless made the calculated decision to take on this risk in the name of growing its business,” the SEC filing said.

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