The U.S. Securities and Exchange Commission (SEC) has received support from the North American Securities Administrators Association (NASAA) over its legal actions against Coinbase.
In an Oct. 10 court filing, NASAA argued that nothing is inherently fraudulent about cryptocurrencies. However, the sector has greatly attracted fraudsters who prey on investors’ fear of missing out and their economic situations.
According to NASAA, the SEC’s argument that Coinbase violated securities law with its operation was consistent with the agency’s longstanding position about the industry, and the lawsuit was not “novel or extraordinary.” Consequently, the association urged the Court to reject the exchange’s argument against the SEC’s interpretation of securities.
“The Court should reject Coinbase’s attempt to narrow and misapply the established legal framework in order to avoid being subject to the same regulatory obligations as all other participants in the Nation’s securities
We współpracy z: https://cryptoslate.com/nasaa-backs-sec-case-against-coinbase-calls-for-consistent-interpretation-of-securities-law/
