Coinbase Stands Up to SEC’s About-Face, Pledges to Defend Itself and Innovate
Crypto exchange Coinbase is unhappy with the U.S. Securities and Exchange Commission (SEC) and has made its response to the SEC’s Wells notice public. The company claims that the SEC’s enforcement actions are at odds with its previous approval of Coinbase’s public listing via its S-1 filing. Coinbase CEO Brian Armstrong reiterated his company’s commitment to building innovative products that promote economic freedom, while also declaring that Coinbase will defend itself and stand up for the rule of law. Coinbase’s Wells response expresses its surprise at the regulator’s abrupt change in attitude, given the exchange’s extensive interaction with the SEC during its public listing process. The response also includes a pledge to continue cooperating with the SEC to amicably resolve the matter.
Clever Robot News Desk 30th April 2023
