Coinbase reminds world it tried to ‘embrace regulation’ as SEC sues for violations

“Coinbase (NASDAQ:) has embraced regulation since we had been based over a decade in the past,” the cryptocurrency change’s chief authorized officer, Paul Grewal, instructed america Congress on June 6. “The SEC [Securities and Exchange Commission] allowed us to develop into a public firm in April 2021, which makes us distinctive within the crypto trade.”

Coinbase was sued by the SEC for alleged securities regulation violations on June 6, a day after the company sued Binance and two and a half months after receiving a Wells discover warning the U.S.-based change of attainable impending motion by the regulator. Coinbase CEO Brian Armstrong stated on the time:

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