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28 September 2021

'This isn't about Ripple': Crypto community reacts to SEC’s ‘regulation through litigation’ strategy  | CryptoSlate

'This isn't about Ripple': Crypto community reacts to SEC’s ‘regulation through litigation’ strategy  | CryptoSlate


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According to accusations circulating on Twitter, the regulator’s methods lack transparency and corroboration, which led some to question if there is any good will to regulate, or if the end goal is to completely control and eradicate.

As for Coinbase, the SEC allegedly failed to communicate any details regarding the product’s assessment, for which they used “the prism of decades-old Supreme Court cases called Howey and Reves.” .

“The SEC told us they consider Lend to involve a security, but wouldn’t say why or how they’d reached that conclusion,” according to the exchange.

“The SEC won’t share the assessment itself, only the fact that they have done it,” explained Coinbase’s Chief Legal Officer Paul Grewal in the company’s official post on Medium. .

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Alibaba Has Banned the Sale of Crypto Miners
published: 21 minutes ago
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