Coinbase: US SEC is “bent on choking” the crypto industry

Source: CoinTelegraph

“The United States Securities and Exchange Commission (SEC) will continue its regulation-by-enforcement approach to the cryptocurrency industry for as long as it can to satisfy its goal of ‘choking’ the industry, according to crypto exchange Coinbase. ‘The SEC is serious about the destruction of digital assets,’ Coinbase declared in a May 31 filing with the U.S Court of Appeals in its ongoing effort to push the court to force the SEC to begin making fair rules for the crypto industry. … The SEC initiated the lawsuit against Coinbase in June 2023 alleging that Coinbase has never registered as a broker, national securities exchange or clearing agency, evading the disclosure scheme for securities markets.” (06/01/24)