SEC: Coinbase before Lawsuit ‘Understood’ Securities Law Could Apply to Its Business

The US Securities and
Exchange Commission (SEC) yesterday (Friday) filed its response to Coinbase’s rejection of its allegations, noting that the cryptocurrency exchange “understood that
the securities laws could apply to its conduct.” The securities watchdog added
that Coinbase “knew which rules to consider in evaluating the legality of its
conduct” but decided to take the risk “in the name of growing its business.”SEC Responds to
Coinbase’s RejectionIn early June…
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