Permitting Coinbase to go public was not a ‘blessing’ from regulators — SEC

America Securities and Change Fee (SEC) has argued in courtroom that approving a agency’s S-1 utility to go public doesn’t characterize a “blessing” from the company, nor does it present a verification that the enterprise is regulatory compliant.

As per July 13 courtroom paperwork from the pre-motion listening to of the SEC vs. Coinbase (NASDAQ:) case, the SEC asserted that it was not signing off on Coinbase’s enterprise construction when giving it the greenlight to go public again in April 2021.

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