Coinbase: SEC Wants to Kill the Cryptocurrency Industry
Main page Opinion, SEC, Cryptocurrency Exchanges, Coinbase

According to Coinbase, the US Securities and Exchange Commission (SEC) will continue to use a regulatory-by-enforcement approach to the cryptocurrency sector in order to fulfill its goal of choking the industry.

This statement was made in a filing submitted by Coinbase to the US Court of Appeals on May 31 as part of its ongoing effort to pressure the court to force the SEC to create fair and clear rules for the crypto industry.

The exchange argues the agency is unwilling to cooperate and negotiate to establish reasonable guidelines.

Coinbase claims it is futile and unjustified to give the SEC more opportunities to justify its actions.

The platform claims the SEC has no responsibility to make it feasible to enforce its rules and that the agency believes its rules are adequate enough because it has already taken legal action against several companies in the industry for violating them.

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