The legal dispute between the crypto exchange Coinbase and the Securities and Exchange Commission (SEC) is still ongoing. Coinbase maintains that the SEC is overreaching its powers as there are no clear laws governing cryptocurrencies.
However, EX-SEC Chief John Reed Stark believes Coinbase is wrong, citing 80 years of legal precedent.
Coinbase’s stand is based on the fact that the SEC is treating digital assets as securities and is not providing clear guidelines for the industry. They have appealed the March court ruling that the SEC’s case was allowed to go,…
