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Will Coinbase's Lawsuit Against the SEC Affect Its Ongoing Enforcement?

Published 04/25/2023, 09:00 AM
© Reuters Will Coinbase's Lawsuit Against the SEC Affect Its Ongoing Enforcement?
COIN
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  • Coinbase (NASDAQ:COIN) has sued the SEC.
  • The lawsuit comes despite potential enforcement action from the SEC.
  • A former SEC official has weighed in on how the case will affect the SEC
Coinbase has primarily presented itself as a compliant crypto business willing to work with regulators. In the United States, however, tensions between the crypto exchange and the U.S. Securities and Exchange Commission have escalated. Coinbase has sued the regulator, even as it faces the threat of enforcement action from the side of the SEC.

How Will Coinbase's Suit Impact the SEC?

Coinbase revealed that it had filed legal action against the SEC in a company blog post by Chief Legal Officer Paul Grewal on Monday, April 24. The case filed in federal court seeks to force the markets regulator to...

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