Last updated on August 8, 2023
Coinbase’s Chief Legal Officer, Paul Grewal, has announced that the company will be seeking to dismiss the Securities and Exchange Commission’s (SEC) lawsuit. The SEC has accused Coinbase of selling securities, but Grewal argues that this is not the case. The dismissal is set to be requested on August 4th.
By disputing the SEC’s allegations, Coinbase aims to defend its position and maintain its reputation as one of the leading cryptocurrency exchanges. The outcome of this legal battle will have significant implications for both Coinbase and the broader crypto industry.
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