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Author Topic: SEC Is Not Swayed  (Read 17 times)

robertsmark

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SEC Is Not Swayed
« on: September 18, 2021, 02:03:41 PM »
Despite the valid disqualification of the Lend feature as security, SEC still maintained it will sue crypto exchange Coin base. The U.S. financial compliance watchdog did not explain why it continues to hold Coin baseís Lend feature as security.

According to Coin baseís Chief Legal Officer Paul Grewal, SEC asked Coin base for documents and written responses, which the exchange provided. SEC again proceeded to ask for a sworn testimony from a corporate witness about the program. Coin base complied with SECís demands but still failed to convince the financial compliance watchdog.


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