The SECGov’s suit against coinbase is set to be challenged, as the exchange’s chief legal officer iampaulgrewal says it will file to dismiss the regulator's case on Aug. 4.
Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case.call, Coinbase chief legal officer Paul Grewal expressed confidence the exchange would win the court case brought by the regulator.
“With respect to the litigation with the SEC, I want to be very clear. We do think we can win. We expect to win.”on June 6 alleging it sold unregistered securities and operated as an unregistered securities exchange. Grewal said Coinbase will file a motion asking the court to dismiss the lawsuit on Aug. 4.
He expects the brief laying out its arguments will be fully submitted and considered by the court at the end of October. “Our goal across not just the litigation, but all of our efforts engaging with the SEC and engaging with the U.S. government as a whole is to achieve regulatory clarity,” Grewal said.“The reason why we are so focused on pushing for regulatory clarity here in the U.S. is that at present, under the status quo, we have very conflicting messages about what the law provides,” said Grewal.
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