Coinbase Files New Document Claiming SEC’s Actions Aimed At Crushing Crypto
In a recent filing, US-based cryptocurrency exchange Coinbase has made sharp accusations against the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, claiming their actions aim to stifle the cryptocurrency sector. The filing comes amid an ongoing legal battle between Coinbase and the SEC, which alleges that the exchange engaged in unregistered sales of what the regulator calls “securities.” Coinbase Challenges SEC’s ‘Inconsistent Legal Claims’ Coinbase’s Friday filing highlights the SEC’s increasing enforcement actions in recent months, suggesting a deliberate effort to undermine the digital asset industry. The exchange accuses the SEC of advancing “inconsistent and unsupportable” legal claims and of perpetuating an oppressive campaign against the industry. Coinbase contends that the SEC denies its duty to make compliance with its rules feasible, treating regulations as “weapons” to dismantle disfavored industries rather than enabling ...