CryptoMediaClub
Saturday, July 5, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Coinbase CEO and Legal Officer Respond to SEC’s Wells Notice

28.04.2023
A A
0
127
VIEWS
ShareShare

Brian Armstrong, the chief executive officer of American crypto exchange Coinbase, and the company’s chief legal officer, Paul Grewal, have responded to a Wells Notice issued by the U.S. Securities and Exchange Commission (SEC) weeks ago in preparation for enforcement action.

In a recent YouTube video, the Coinbase executives insisted that the SEC’s notice was unnecessary. The U.S. government has yet to develop clear rules for the crypto industry, and the exchange’s commitment to regulatory compliance has not wavered.

Coinbase Reacts to Wells Notice via Vide

Recall that the SEC issued a notice against Coinbase on March 22 after a series of investigations, claiming that the platform offered unregistered securities. While announcing the development on Twitter that same day, Armstrong and Grewal expressed their disappointment at the agency for choosing a legal battle over constructive dialogue, which the exchange had been gunning for in previous years.

As of then, the executives said Coinbase was compliant with securities laws in its asset listings and staking services. They have maintained the same stance and reiterated their views yesterday in the video.

“We are committed to working within the regulatory perimeter, and we want to see a clear market structure for trading crypto securities. Not all crypto assets are securities. There are also crypto commodities, there are stablecoins, there’s crypto that’s artwork. We’re going to work with multiple regulators to make this industry safe and trusted,” Armstrong said.

Coinbase Doubles Down on Crypto Framework Request

Furthermore, the CEO argued that issuing a Wells Notice at this stage, when America does not have a clear rule book for the crypto industry, is unconstructive and bad. He added that while Coinbase is prepared to defend its position in court, it did not have to come to that, as the exchange is ready for “true dialogue” with regulators about a path forward for the industry.

ADVERTISEMENT

Almost the same time the video was posted, Grewal was seated on stage talking to an audience in Austin, Texas, at Consensus 2023, a crypto event hosted by CoinDesk. The legal officer reiterated his thoughts on the matter.

Alongside Armstrong, Grewal insisted that Coinbase did not list securities due to its robust process based on the SEC’s guidance. He disclosed that the exchange rejects about 90% of the assets reviewed for listing.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets
All news

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

05.07.2025
0

Sweden’s Justice Minister Gunnar Strömmer has ordered local authorities to intensify efforts to seize assets like cryptocurrency, luxury goods, and...

Read moreDetails
Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

05.07.2025
Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

05.07.2025
XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

05.07.2025
ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

05.07.2025
Load More
Next Post
Bitcoin (BTC) Mining Difficulty Climbs Amid New Hash Rate ATH

Bitcoin (BTC) Mining Difficulty Climbs Amid New Hash Rate ATH

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Botting Scandal Forces FLOKI INU to Scrap Second Simon’s Cat Presale

Botting Scandal Forces FLOKI INU to Scrap Second Simon’s Cat Presale

11 months ago
Crypto grants foster innovation amid venture capital exodus

Crypto grants foster innovation amid venture capital exodus

2 years ago
Trust Wallet Back On Google Play Store After Temporary Removal

Trust Wallet Back On Google Play Store After Temporary Removal

1 year ago
Crypto Cashback Programs Mature to Drive Accessibility and Financial Inclusion

Crypto Cashback Programs Mature to Drive Accessibility and Financial Inclusion

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

Google’s Gemini AI Predicts the Price of XRP, Solana and Cardano by the End of 2025

ChatGPT’s 42-Signal DOGE Analysis Flags Key $0.155 Support Test Amid Musk Drama

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

Solana Price Prediction – Institutional Investor Includes Solana in $100 Million Strategic Fund: Is Wall Street Warming Up to SOL?

Trending

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets
All news

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

05.07.2025
0

Sweden’s Justice Minister Gunnar Strömmer has ordered local authorities to intensify efforts to seize assets like cryptocurrency,...

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

05.07.2025
Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

05.07.2025
XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

05.07.2025
ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

05.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz