Coinbase Pushes for Regulatory Clarity Amidst Legal Threats from SEC

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Coinbase Global has responded to the legal threat it received from the U.S. Securities and Exchange Commission (SEC) by reiterating its view that it has not violated any securities laws. The CEO and Chief Legal Officer of Coinbase, in a video response made public on Thursday, stated that while the exchange would like to list securities in the future, it would not do so given the current regulatory uncertainty. The incident is the latest in a series of tensions between the crypto sector and the SEC, which considers many digital assets to be securities and operating outside of its oversight. Coinbase has appealed to a federal court to force the SEC to say whether it will create new rules for digital assets, and it has also announced plans to focus on growing outside of the U.S. to ensure regulatory clarity. With increasing pressure from regulators, the future of the crypto sector remains uncertain.

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