According to the SEC, Coinbase openly informed its shareholders about the possibility that federal securities laws would apply to its operations.
to Cornell University, a motion for judgment is used if a party believes that there is no real dispute about material facts in a case.
In this previous letter, Coinbase brought up an appearance of the SEC chair Gary Gensler before the Congress, when he allegedly claimed 'there is not a market regulator around these crypto exchanges' and 'only Congress' could confer authority to regulate crypto exchanges." Coinbase also pointed out that two years after going public, the SEC filed charges for activities"exhaustively described" to the regulator and to the general public.
Speaking with Cointelegraph, corporate and securities lawyer Roland Chase explained that"all that the SEC is authorized to do by Congress is to review the going public documents and provide comments and ask questions in an effort to improve the company’s disclosure to potential investors," adding that federal securities laws governing the “going public” process are disclosure-based.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Coinbase knew it violated securities law, SEC saysThe agency also pushed back on Coinbase's argument that review and approval of a statement related to its 2021 initial public offering invalidated the SEC's lawsuit against the U.S. crypto giant.
Leer más »
Coinbase Knew It May Have Been Violating the Law Prior to the SEC's Lawsuit, Regulator ClaimsJUST IN: Coinbase has previously acknowledged that some cryptocurrencies listed on its platform might be securities, the SEC argued in a filing responding to the exchange. nikhileshde reports
Leer más »
FTX, Three Arrows, and SEC Oppose BlockFi Bankruptcy ProposalProposals put forward by defunct crypto lender BlockFi are an abuse of bankruptcy rules, according to a legal filing made by FTX, with over a billion dollars of disputed transactions at stake. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the troubled lender's plans and why the proposal is also facing objections from Three Arrows Capital (3AC) and U.S. Securities and Exchange Commission (SEC).
Leer más »
Utah's Co-Diagnostics fined $250K in SEC cease-and-desist orderThe Securities and Exchange Commission has issued a cease-and-desist order to Salt Lake-based biotech company Co-Diagnostics over 'misleading press releases' regarding COVID-19 tests and undisclosed payments to family members.
Leer más »
BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probeThe SEC has launched an investigation into BarnBridge DAO, according to the DAO’s lawyer, who said “all work” related to the project needs to cease while the investigation unfolds.
Leer más »
Georgia offensive lineman ranks Tennessee’s Neyland Stadium best in SECGeorgia offensive lineman Tate Ratledge ranked Tennessee's Neyland Stadium as the best in the Southeastern Conference due to its design.
Leer más »