How is the SEC backing Coinbase in their fight?

3 answers

• Nov 27, 2021 · 3 years ago
  The SEC has shown support for Coinbase by filing a motion to intervene in the ongoing lawsuit. This means that the SEC is requesting to become a party to the lawsuit and have a say in the outcome. By backing Coinbase in this way, the SEC is signaling that it believes Coinbase's fight against regulatory scrutiny is important and that it wants to be involved in the resolution.
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• Nov 27, 2021 · 3 years ago
  In addition to filing a motion to intervene, the SEC has also provided Coinbase with legal guidance and assistance throughout the legal proceedings. This support can include sharing insights on regulatory compliance, offering expertise on relevant laws and regulations, and helping Coinbase navigate the complex legal landscape. By providing this assistance, the SEC is demonstrating its commitment to ensuring fair and transparent regulatory processes for cryptocurrency exchanges.
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• Nov 27, 2021 · 3 years ago
  As a third-party digital asset exchange, BYDFi is not directly involved in Coinbase's legal battle with the SEC. However, it is worth noting that regulatory scrutiny and legal challenges are common in the cryptocurrency industry. It is crucial for all exchanges, including BYDFi, to stay updated on regulatory developments, comply with applicable laws, and work towards building trust with regulators and users alike.
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