“Coinbase (NASDAQ:) has embraced regulation since its inception over a decade in the past,” mentioned the cryptocurrency alternate’s chief authorized officer, Paul Grewal. mentioned the USA Congress on June 6. “The SEC (Securities and Trade Fee) allowed us to go public in April 2021, which makes us distinctive within the crypto business.”
Coinbase was sued by the SEC for alleged securities legislation violations on June 6, in the future after the company sued Binance and two and a half months after receiving a Wells discover warning the US-based inventory alternate of attainable imminent regulator motion. Brian Armstrong, CEO of Coinbase mentioned on the time:
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