Coinbase has lifted the freeze on Debt Box’s assets after discovering discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm.
In a Feb. 13 post on social media platform X (formerly Twitter), Paul Grewal, Coinbase chief legal officer, highlighted the SEC’s flawed actions, saying the temporary restraining order (TRO) against Debt Box was “tainted by SEC’s misinterpretations” and criticized the regulatory body’s lack of immediate rectification upon acknowledging its deceptive stance.
According to Grewal, Coinbase challenged the SEC’s order because the regulator “sat silently” instead of “immediately pulling its order after admitting that it deceived the Court.” The exchange attempts to get an explanation from the authorities proved futile as it was met with “more silence.”
Consequently, Coinbase opted to unfreeze the assets, correcting the error while awaiting clarity from the SEC, which has remained silent.
We współpracy z: https://cryptoslate.com/coinbase-unfreezes-debt-box-assets-amid-sec-controversy/
