Coinbase Exposes SEC XRP Talks and NY Pressure to Label ETH a Security
The post Coinbase Exposes SEC XRP Talks and NY Pressure to Label ETH a Security appeared on BitcoinEthereumNews.com. Coinbase has released about 10,000 documents, hinting that the US Securities and Exchange Commission (SEC) internally discussed the security status of XRP. The documents also disclose that the New York State Office of the Attorney General’s Investor Protection Bureau Chief asked the SEC to file a brief on its argument related to ETH’s security status. In a recent update, CNF disclosed that Coinbase has been sued by the State of Oregon’s attorney general, Dan Rayfield, for facilitating the sales of unregistered securities. In that lawsuit, 31 tokens were listed as securities, including XRP and ETH. Meanwhile, its recent litigation with the US Securities and Exchange Commission (SEC) has come to an end after a joint stipulation was filed to dismiss the enforcement actions against Coinbase Inc. and Coinbase Global Inc. Months after this development, Coinbase has released 10,000 documents from the Freedom of Information Act request to several agencies, with some disclosing an internal discussion on the security status of XRP. According to the documents, a 2023 email discloses that the New York State Office of the Attorney General Investor Protection Bureau Chief Shamiso Maswoswe asked the Commission to file an amicus brief to support its argument that ETH is also a security. We would like to request that the SEC file an amicus in support of the argument that Ether is a security. Whether it is or not will not be dispositive in our case (we have authority over both securities and commodities) – but I think it would be beneficial to investor protection to get a court to hold that Ether is a security. Conversely, it wouldn’t be great (though again not dispositive) for the court to decline to find it’s a security. Argument on the ETH and XRP Security Status The argument on the security status of…
The post Coinbase Exposes SEC XRP Talks and NY Pressure to Label ETH a Security appeared on BitcoinEthereumNews.com.
Coinbase has released about 10,000 documents, hinting that the US Securities and Exchange Commission (SEC) internally discussed the security status of XRP. The documents also disclose that the New York State Office of the Attorney General’s Investor Protection Bureau Chief asked the SEC to file a brief on its argument related to ETH’s security status. In a recent update, CNF disclosed that Coinbase has been sued by the State of Oregon’s attorney general, Dan Rayfield, for facilitating the sales of unregistered securities. In that lawsuit, 31 tokens were listed as securities, including XRP and ETH. Meanwhile, its recent litigation with the US Securities and Exchange Commission (SEC) has come to an end after a joint stipulation was filed to dismiss the enforcement actions against Coinbase Inc. and Coinbase Global Inc. Months after this development, Coinbase has released 10,000 documents from the Freedom of Information Act request to several agencies, with some disclosing an internal discussion on the security status of XRP. According to the documents, a 2023 email discloses that the New York State Office of the Attorney General Investor Protection Bureau Chief Shamiso Maswoswe asked the Commission to file an amicus brief to support its argument that ETH is also a security. We would like to request that the SEC file an amicus in support of the argument that Ether is a security. Whether it is or not will not be dispositive in our case (we have authority over both securities and commodities) – but I think it would be beneficial to investor protection to get a court to hold that Ether is a security. Conversely, it wouldn’t be great (though again not dispositive) for the court to decline to find it’s a security. Argument on the ETH and XRP Security Status The argument on the security status of…
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