Coinbase CLO Encourages Binance, Ripple, Uniswap to Stand From SEC’s Manipulation

Hey, guess what? Paul Grewal, the Main Legal Officer (CLO) of Coinbase World-wide Inc., has a message for other crypto platforms under the watchful eye of the U.S. SEC – you should not just sit again and consider it!

Let us converse about the SEC’s methods

According to Paul Grewal, the Securities and Exchange Commission is playing hardball without detailing the regulations of the match. Coinbase is at present in a legal tussle with the SEC more than allegations of dealing in securities tokens.

To make his issue crystal distinct, Grewal attained out to other corporations that have been in the regulator’s crosshairs. He urged Binance, Ripple, Uniswap, Robinhood, and Kraken to desire entire transparency concerning the prices introduced in opposition to them.

Grewal strongly believes that the SEC’s hazy accusations devoid of suitable justification volume to gaslighting in front of Decide Shelby and the United States District Court docket. It is really just not ideal!

The SEC’s argument that some best altcoins are securities is remaining challenged. Choose Analisa Torres’ ruling that XRP is not a protection is a substantial phase in the direction of clarity in the ongoing saga.

Grasping for straws

Irrespective of the XRP ruling, the SEC is still keeping on restricted and pushing for motion in opposition to Ripple. They are specially honing in on Ripple’s sale of XRP to institutional traders.

Some of the SEC’s targets, like Robinhood, have tried using to engage with the SEC to fully grasp their stance. However, the SEC’s mixed messages have established confusion and uncertainty for crypto companies.

But you will find a shift occurring – these companies are gearing up to defend them selves in court!

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