Coinbase is battling with the SEC to clear out the allegations made by the SEC. Coinbase and SEC (Securities and Exchange Commission) are not aligned on the same page these days. Recently, the CLO (Chief Legal Officer) of Binance disclosed his goal, not just to win the case but they want regulatory clarity from the US SEC.
Coinbase is putting all of its energy into the case and facing the trials and allegations being imposed on it by the SEC. Coinbase uses all of its resources to strengthen its case against the Securities and Exchange Commission. Coinbase representative shows an optimistic approach to winning the case against the SEC and getting regulatory authority from the SEC.
Coinbase’s Objectives Behind the Case
Paul Grewal, the Chief Legal Officer of Binance shares the exchange’s motive of building a strong case. He says that they have developed a strong case and competing in a hard battle with the SEC to get the desired results. Coinbase doesn’t seek just the dismissal of the case, or to win the case but also to get regulatory clarity from the SEC. Moreover, the exchange will completely comply with the rules and regulations once they get clarity.
Paul gave his statement in a podcast discussion with crypto-journalist Laura Shin. Paul discussed the case in detail in the podcast and made very informative comments. He said that the CEO of Binance, Brian Armstrong is focused on putting all efforts into making his case good enough to face the SEC’s stance.
Paul believes that all the users of Coinbase rely on them to get favorable results. US SEC has filed many cases against many companies recently but now it is not just about winning or losing the case. Now, they have moved ahead and their priorities have changed. Coinbase is not just going to win the battle with the SEC but also would get regulatory clarity from the SEC.
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