Coinbase Rejects SEC’s Claim That Nine Ethereum-Based Altcoins Are Securities

Coinbase Rejects SEC’s Claim That Nine Ethereum-Based Altcoins Are Securities


Crypto exchange Coinbase is refuting claims by the U.S. Securities and Exchange Commission (SEC) that nine digital assets listed on its platform are securities.

Coinbase’s chief legal officer, Paul Grewal, says the exchange rejects the SEC’s claim that nine of its listed digital assets are securities in its complaint against one former employee and two other individuals accused of insider trading.

According to Grewal, Coinbase conducts a rigorous review process before listing digital assets to ensure that securities are kept off the platform.

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“We 100% disagree with the SEC’s assertion that any of the crypto assets we list are securities.

Coinbase has a rigorous process to analyze and review each digital asset before making it available on our exchange – a process that the SEC

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