Judge Directs SEC to Disclose Key Information to Coinbase
Publication Time:2024-09-06 18:06:07
In a statement on social media, Paul Grewal, Coinbase's Chief Legal Officer, stated that a US judge has ruled that the SEC must disclose the critical details related to the compulsory motion between them to Coinbase. This information is crucial for the defense in the case. Grewal also mentioned that he will share more information after obtaining the full transcript of the trial and thanked the court for its thorough handling of the case. It's worth noting that Coinbase had objected to the SEC's proposal to expand the definition of its trading platform on August 12, arguing that the proposal lacked essential analysis, was based on unrealistic assumptions, did not prove the need for regulation, and grossly exaggerated the benefits claimed by the proposal.
Coinbase
US Securities and Exchange Commission
disclosure of information
compulsory motion