The publicly listed Exchange Coinbase has called on all the opponents of contributing to the US. In a recent article, Paul Prison Rack, a legal vice -president of the company, called on a state of the state, where they are litigation against the Coinbase Start Program to quit them.
The Securities and Exchange Committee, together with the other ten other states, had digged their pledge program over 2023 in June, describing it as unregistered securities. Although Coinbase challenged the court proceedings at the time, some states issued termination and abandonment, forcing Coinbase to end the program in its states.
As the regulatory policy of the US crypto industry has shifted, SEC has dismissed its case with prejudices. Five other states, including Illinois, South -Carolina, Alabama, Vermont and Kentucky, also gave up their litigation.
But five other states, including California, Maryland, Wisconsin, New Jersey and Washington, still have litigation. Cave base Believes that they should also withdraw their cases.
Prison Rack said:
“It is time for these states to catch up with SEC – and almost every other country – and to give up their unjustified cases.”
According to Coinbase, he knew from the outset that the case was wrong and had fought to defend himself during the training of policymakers. The exchange believes that SEC and other countries are, as a result of their efforts, their litigation.
But it described the rest of the litigation as regulatory uncertainty at a time when the US is making a crypto framework. Thus, the leader of Coinbase stated that the decision of some of the countries to comply with and not to abandon has become indefinite and the exchange continues to fight the cases.
More than $ 90 million in bonuses has been lost due to a banning of bet
Meanwhile, prisoner racks focused on holding Coinbase's betting and abandoning orders, noting that they would only damage consumers. Four states, California, Maryland, Wisconsin and New Jersey, is now.
He wrote:
“All except one (Washington), the ceasefire orders, which have already paid tens of dollars for a bonus, are enforced by the ceasefire, while limiting the selection of consumers and increasing regulatory uncertainty.”
The executive stated that such a strict order is usually used only for emergencies, such as ponzi schemes, not for ordinary products, such as contributing to Coinbase. In addition, he highlighted what Coinbase makes a high -level service provider, including its safety and conformity.
Interestingly, the exchange said that the war of contribution pays us to the residents. Prison Rack claimed that the inhabitants of four states have lost an estimated $ 90 million bonuses due to a ban and will continue to increase if the countries do not give up their cases.
He added that the ban also distinguishes Coinbase among all contributing service providers, which means that the state will choose winners and losers. This step could force consumers to use platforms with less regulatory supervision and set them at a higher risk, he said.
Coinbase pressure regulators get cryptocurrency
At the same time, Coinbase's article is just one of many promotion efforts that have been replaced over the past few months. After the election of President Trump, the exchange is bolder and stronger in the pursuit of regulatory clarity.
He is currently participating in the case against the Federal Deposit Insurance Corporation (FDIC) on the impact of his crypto procurement and recently wrote to the Government Ethics Bureau (OGE) to allow SEC users to keep crypto and use to better understand what they regulate.
Allegedly launch a shift in a campaign The fours were placed against the state, plans to emphasize the prohibition and lawsuit.
Coinbase crypto propagation is not surprising, given that it is one of the greatest beneficiaries of regulatory clarity. Although its coin supplies have fallen by 15.57%this year, the company has continued to increase as the crypto market is strengthening.
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