What to expect from the first Coinbase-SEC hearing

The SEC was aware of Coinbases organization activities, the claim could not be sufficient to win a case in court. Chase likewise noted that to go public, Coinbase reported to the SEC that it would subject each asset to a detailed legal analysis before enabling it to trade on its platform to ensure securities are not traded. “The SEC ultimately got comfy with all this disclosure and cleared Coinbase to go public,” he described, including that the SEC “now believes that Coinbase is, in fact, trading securities on its platform. A widely known example is Ripples legal fight that has actually been dragging on considering that 2020 when the SEC also considered that its token XRP was a security.

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The SEC was conscious of Coinbases company activities, the claim could not be enough to win a case in court. Chase also noted that to go public, Coinbase reported to the SEC that it would subject each property to a detailed legal analysis prior to permitting it to trade on its platform to ensure securities are not traded. “The SEC ultimately got comfortable with all this disclosure and cleared Coinbase to go public,” he discussed, including that the SEC “now believes that Coinbase is, in fact, trading securities on its platform.