SEC Should Not Unilaterally Expand and Redefine Its Regulatory Scope

Samiksha

On January 18th, Coinbase's Chief Legal Officer, Paul Grewal, tweeted that today they presented arguments rejecting the SEC's allegations. The SEC continues to claim broad power over all investments without providing any limiting principles on the definition of its investment contracts. The SEC cannot unilaterally expand and redefine its regulatory scope. This should be decided through legislative discussions in Congress and ongoing discussions about regulatory frameworks. Coinbase does not offer securities, and we have confidence in our legal arguments, looking forward to a decision by the court that brings clarity to the industry.

977Iti

Regulatory oversight is inevitable.

Kahn332

This decision is optimistic; there should be no issue.