"Coinbase's Legal Battle with SEC Threatens Existential Risk"
TL;DR
Lawyer James Murphy believes that the U.S. Securities and Exchange Commission (SEC) will lose if it takes Coinbase to court over alleged securities law violations due to a "fatal flaw" caused by SEC Chairman Gary Gensler's own testimony to Congress on May 6, 2021, stating that the SEC does not have the authority to regulate cryptocurrency exchanges. Murphy expects Coinbase's legal team to focus on the communications within the SEC leading up to Gensler's testimony, which will be highly embarrassing for the SEC.
Topics:businesscryptocurrency#coinbase#cryptocurrency#gary-gensler#lawsuit#sec#securities-law-violations
- Lawyer Expects SEC to Lose if It Sues Coinbase Due to 'Fatal Flaw' of Gary Gensler's Own Making – Bitcoin News Bitcoin News
- Breakingviews - Crypto-silence is precious for Gensler's SEC Reuters
- SEC Ordered 10 Days to File Response to Coinbase’s Petition CryptoPotato
- Former SEC Enforcement Chief: Coinbase's Arguments 'a Surefire Loser' and Possibly Criminal – Featured Bitcoin News Bitcoin News
- Coinbase Faces Existential Risk as SEC Increases Scrutiny on Crypto Cryptonews
Want the full story? Read the original reporting
Read on Bitcoin News