In a pair of fireside chats at a cozy Manhattan gathering, it was clear that the sec_news and Coinbase weren't speaking the same language, davidzmorris writes. Opinion for The Node newsletter.
This morning in a sun-dappled conference room high above the streets of Manhattan, a crowd of lawyers and journalists got a preview of crypto’s coming legal Ragnarok. It was the U.S. Securities and Exchange Commission vs. Coinbase, months early – albeit slightly more polite and vague than things will be in any coming court showdown.
Grewal also provided some insight into the decision to pursue exchanges including Coinbase and Binance, rather than continue individual enforcement actions against violating token issuers. You’re pushing that nexus between policy and U.S. law out of the perimeter of U.S. law. That’s a big deal. This has to be a matter of national strategy.
“The normal dynamic in Washington [D.C.] is that when the constitutional branches of government are [acting], typically regulators will step back and let the political branches figure it out,” said Shirzad. “It’s not typical that you’ll see congressional action moving in earnest, and not just a government department, but a regulatory agency, rush in to redefine facts on the ground to get ahead of that. I don’t know if that’s happening here … but if that were happening, it would be unusual.
“This is not just a convenience issue over whether one industry can operate in the United States. We’re at a critical juncture … blockchain is the value layer of the internet. That has significant implications,” Shirzad said, citing several ongoing blockchain pilot projects by the likes of JPMorgan as evidence.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Chief Legal Officer on SEC LawsuitThe U.S. Securities and Exchange Commission (SEC) sued crypto exchange Coinbase on allegations of violating federal securities law. Coinbase Chief Legal Officer Paul Grewal sits down with CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De to discuss Coinbase's response to the charges and its legal strategy.
Read more »
Bryan Taylor, governor’s ex-chief legal adviser, to run for Alabama Supreme Court chief justiceRepublican Bryan Taylor, a former state senator and former chief legal adviser to Gov. Kay Ivey, announced Wednesday that he is running for chief justice of the Alabama Supreme Court
Read more »
Who is Brian Armstrong: Profile and biographyDiscover Coinbase CEO and crypto billionaire Brian Armstrong’s journey from co-founding Coinbase to overseeing its public listing and $100 billion valuation.
Read more »
Coinbase Cold Wallet Stir: Rumors and Misinformation Surround Significant Ethereum Transfer – Featured Bitcoin NewsDespite the ETH transfer speculation, it was soon clarified that the transfer was simply an internal Coinbase transfer from a cold wallet.
Read more »
Requiring DEXes to register with SEC like other exchanges is 'impossible', says Coinbase CLOThe legal complications between Coinbase and the U.S. Securities and Exchange Commission deepen as the crypto exchange responds to a proposed rule change in securities laws.
Read more »
Bitcoin Halving History Provides Little Guidance on Outcome: Coinbase.coinbase says global liquidity appears to have peaked in the near term, which could impact the next bitcoin halving. willcanny99 reports.
Read more »