SEC Is Not Swayed

[robertsmark]

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 base’s Lend feature as security.

According to Coin base’s 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 SEC’s demands but still failed to convince the financial compliance watchdog.


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