Coinbase zoekt SEC's reactie op regelgevende petitie, dient gerechtelijke actie in

• De SEC moet nog reageren op een petitie uit juli 2022 van crypto-uitwisseling Coinbase om duidelijkheid over de regelgeving voor crypto-activa te zoeken.
• De beurs heeft een rechtszaak aangespannen om de SEC te dwingen te reageren op de regelgevende petitie en duidelijkheid te verschaffen aan de crypto-industrie. 
• Coinbase condemned the SEC’s “enforcement-first” move towards crypto regulation without putting proper guidelines in its 2022 petition.
• Chief Legal Officer Paul Grewal said that more than 1,700 firms and corporate entities have submitted comments to the exchange’s petition.
• He said that the Administrative Procedure Act requires the SEC to respond to the exchange’s rulemaking petition “within a reasonable time.”

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There has been a constant back-and-forth struggle between the United States Securities and Exchange Commission (SEC) and the largest crypto exchange in the US, Coinbase. The company claims that the regulator is taking an “enforcement-first” approach to regulation without clear guidelines and a regulatory framework. On the other hand, the SEC has yet to respond to a July 2022 petition by the crypto exchange seeking regulatory clarity for crypto assets. 

Coinbase heeft een aanvraag ingediend gerechtelijke actie in a United States federal court in an attempt to “force” the SEC to respond to the petition that was submitted by the crypto exchange in July 2022 following the onset of the crypto market collapse and the bankruptcies of many crypto-focused companies. Interestingly, the regulator has yet to acknowledge this petition. 

In de verzoekschrift filed in 2022, Coinbase condemned the SEC’s “enforcement-first” move towards crypto regulation without putting proper guidelines in place for companies to follow. Furthermore, the company seeks a “yes or no” response to a July 2022 petition wherein the exchange asked the regulator over 50 questions, all related to the regulation of digital assets.

De vragen zijn breed van opzet en behandelen een aantal onderwerpen. Coinbase heeft verschillende vragen gesteld aan de crypto-uitwisseling, waaronder de methodologie die wordt gebruikt om crypto-activa als effecten te categoriseren, samen met de aanwezigheid van vereisten die technisch niet mogelijk zijn voor crypto-bedrijven om in hun bedrijf te implementeren. 

Coinbase stated in the petition that it believes that “appropriately tailored regulation is essential to encouraging capital formation in the digital asset industry, protecting digital asset customers and investors, and facilitating the wider adoption of digital asset technology,” while adding:

“We do not currently trade or facilitate trading in digital asset securities because of a lack of clear and workable regulation. But we would consider doing so through our SEC-registered securities broker-dealer subsidiaries once rules are in place that can accommodate the technological manner in which digital asset securities would be offered, sold, traded, custodied, and cleared.”

The court action from Coinbase was accompanied by a blog post authored by the company’s Chief Legal Officer, Paul Grewal, who stated that the Administrative Procedure Act requires the SEC to respond to the exchange’s rulemaking petition “within a reasonable time.”

According to the Coinbase executive, more than 1,700 firms and corporate entities have submitted comments to exchange’s petition “echoing the request for clarity” from the SEC. Meanwhile, the regulator has doubled its crypto enforcement unit in attempts to crack down on several crypto companies.

“If the SEC says no to our rulemaking petition, which it has the right to do, then Coinbase would be allowed to challenge that decision in court and explain in that formal setting why rulemaking is required,” Grewal noted.

Grewal verklaarde dat totdat de crypto-industrie de duidelijkheid krijgt die het verdient, Coinbase haar strijd met de toezichthouders zal voortzetten. Het is belangrijk om hier te vermelden dat de crypto-uitwisseling onder leiding van CEO Brian Armstrong de enige openbare crypto-uitwisseling in de VS is en volgens recente rapporten van plan is om naar de VS te verhuizen. 

Onlangs kondigde crypto-uitwisseling Gemini ook zijn plannen aan om buiten de VS te verhuizen en zich te concentreren op andere regio's van de wereld, waaronder Azië. Het bedrijf vestigde een kantoor in Gurgaon, India en is van plan om ook talent uit het land aan te nemen.

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