Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

‘Coinbase Does Not List Securities,’ Coinbase Chief Legal Officer

Cryptocurrency Jul 26, 2022 06:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters ‘Coinbase Does Not List Securities,’ Coinbase Chief Legal Officer

  • Coinbase’s Chief Legal Officer reiterates that their cryptocurrency exchange “keeps securities off.”
  • This news follows the SEC’s investigation of Coinbase (NASDAQ:COIN) allegedly letting Americans trade unregistered securities.
  • The legal officer said the U.S. needs to have a clear regulatory framework for digital asset securities.

Amid suspicion from the U.S. Securities and Exchange Commission (SEC) of allowing American customers to trade unregistered securities, Coinbase’s chief legal officer reiterates that their cryptocurrency exchange “keeps securities off” the trading platform.

Paul Grewal, chief legal officer of Coinbase, stressed that the firm trusts its platform’s “rigorous diligence process” that keeps securities away. He also shared a blog published on July 22 to substantiate his point.

This refresher follows Bloomberg’s report on the SEC’s investigation of Coinbase allegedly letting Americans trade digital assets that should have been registered as securities. Citing three people familiar with the issue, Bloomberg reported that the commission is currently looking at some of the listed tokens on the exchange.

A few days ago, the SEC charged a former Coinbase employee with insider trading and violation of antifraud provisions of securities laws by the SEC. The commission also claimed that seven cryptocurrencies listed on the platform were securities.

Grewal wrote in the re-shared blog that it has been cooperative with the SEC investigation on the seven assets. “But instead of having a dialogue with us about the [assets] on our platform, the SEC jumped directly to litigation,” the blog reads.

The chief legal officer then presented a problem he thinks the U.S. needs to resolve — the lack of a “clear and workable regulatory framework for digital asset securities.”

As seen on Coinbase’s asset directory, more than 200 cryptocurrencies are listed on the platform at the time of writing.

Continue reading on CoinQuora

‘Coinbase Does Not List Securities,’ Coinbase Chief Legal Officer
 

Related Articles

What is Chainlink VRF and how does it work?
What is Chainlink VRF and how does it work? By Cointelegraph - Aug 08, 2022

Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email