According to the SEC, Coinbase openly informed its shareholders about the possibility that federal securities laws would apply to its operations.
to Cornell University, a motion for judgment is used if a party believes that there is no real dispute about material facts in a case.
In this previous letter, Coinbase brought up an appearance of the SEC chair Gary Gensler before the Congress, when he allegedly claimed 'there is not a market regulator around these crypto exchanges' and 'only Congress' could confer authority to regulate crypto exchanges." Coinbase also pointed out that two years after going public, the SEC filed charges for activities"exhaustively described" to the regulator and to the general public.
Speaking with Cointelegraph, corporate and securities lawyer Roland Chase explained that"all that the SEC is authorized to do by Congress is to review the going public documents and provide comments and ask questions in an effort to improve the company’s disclosure to potential investors," adding that federal securities laws governing the “going public” process are disclosure-based.
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