Coinbase CLO Shares It Has Filed Amicus Brief in SEC vs. Wahi Case

• Coinbase denies allegations of unlawfully listing securities on its platform.
• SEC’s pursuit of the case has created uncertainty for Coinbase and others.
• Coinbase CLO shared that the platform has filed an amicus brief in SEC versus Wahi case.

Coinbase Chief Legal Officer Paul Grewal tweeted on March 14 that last week he testified to Congress about Coinbase’s inability to register with the SEC for offering digital asset securities. Today, an amicus brief was filed in SEC v. Wahi, explaining why the lawsuit is misguided and will only exacerbate the situation.

Last week I testified to Congress about Coinbase’s futile effort to register with the SEC so we can begin to offer digital asset securities. Today we filed an amicus brief in SEC v. Wahi that explains why this misguided suit only makes things worse. 1/5https://t.co/9iWYrWwpiI

— paulgrewal.eth (@iampaulgrewal) March 14, 2023

According to the brief, Coinbase, the largest cryptocurrency trading platform in the US, is being accused by the SEC of unlawfully listing securities on its platform. However, the exchange denies this allegation, stating that it does not list any securities on its platform.

The …

The post Coinbase CLO Shares It Has Filed Amicus Brief in SEC vs. Wahi Case appeared first on Coin Edition.