The U.S. Securities and Exchange Commission is investigating the exchange Coinbase to find out if the company offered unregistered securities.
- SEC is investigating Coinbase
- Check out his cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. listings
- You want to check if you sold unregistered securities
- Coinbase asks SEC to clarify its rules
Coinbase is an American company that operates a cryptocurrency exchange platform. Global Inc., el exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. most recognized in the United States , is facing an investigation at home into whether he allowed Americans to trade digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets that should have been registered as securities, according to a report to Bloomberg three people familiar with the matter.
The scrutiny of Coinbase by the U.S. Securities and Exchange Commission, SEC, has increased since the platform a place to buy, sell and store cryptocurrency expanded the number of tokens in which it offers transactions, said two of the people, who asked not to be named because the research has not been publicly disclosed.
The investigation of the unit of application of the SEC predates the agency’s investigation into asupuesto esquema de abuso de información privilegiada that prompted the regulator last week to sue a former manager of Coinbase and two other people.
“I’m happy to say it again and again: we are confident that our rigorous diligence process, a process that the SEC has already reviewed, keeps securities off our platform, and we look forward to working with the SEC on this.” said the legal director of Coinbase Paul Grewal and Twitter.
I’m happy to say it again and again: we are confident that our rigorous diligence process—a process the SEC has already reviewed—keeps securities off our platform, and we look forward to engaging with the SEC on the matter. A refresher: https://t.co/SaacvrZEiU
– paulgrewal.eth (@iampaulgrewal) July 26, 2022
Grewal links to an article published on July 21 on the blog of Coinbase under his signature, which is titled: “ Coinbase did not list securities. End of story,
Coinbase declined to comment to Bloomberg on the subject.
The government’s call for U.S. regulators to do more to oversee cryptocurrencies has grown louder as digital currencies have fallen from record highs, wiping out hundreds of billions of dollars in market an area or arena, online or offline, in which commercial dealings are conducted. value. SEC Chairman Gary Gensler focused on trading platforms and argued that they should do more to protect retail investors.
Las acciones de Coinbase cayeron hasta un 4,8% en las operaciones previas a la comercialización hoy, informa Bloomberg. The stock has lost nearly three-quarters of its value this year.
As the largest trading platform in the US, Coinbase allows Americans to exchange more than 2o0 tokens, according to Coindesk. If those products were considered securities, the company might need to register as an exchange with the SEC.
Coinbase has repeatedly argued with the agency about how it oversees the industry, and last week the firm asked the SEC topropusiera reglas más claras. Meanwhile, after taking a relatively cautious approach for years, Coinbase has increased its token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. offerings.
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