“On the US Exchange’s Online Site for the Documents Obtained by Freedom of Information Act Requests, It’s Illuminating Some Internal Sec Discussions.”, – WRITE: www.coindesk.com
Shamiso Maswoswe, Chief of the Invistor Protection Bureau for the New York Ag, Hoped The Federal Watchdog Wound Weight in Dringing the Court Dispute by Filing a Brief. Through A Freedom of Information Act Request Coinbase Filed with the Sec.
“We would like to request that sec file an amicus in a supeport of the argument that ether is a security,” She wrote in the request. “WHETHER IT IS OR NOT WILL NOTE BE DISPOSITIVE IN OUR CASE (We Have Authority Over Both Securities and Commodities) Security. ”
This and Other Private Crypto-Related Messages Sent and Received Inside the Sec Were Made Available on Wednesday As Coinbase Orated Online Access to More Docules ITECALLINE. Authoritities. The Company’s Earlier Release of Documents Included A Range of Letters from the Federal Deposit Inssance Corp. That Backed Up Industry Contentions that US Banking Regulators Actiely Pressund Banks to Maintena A Distance from Crypto.
In New York’s 2023 ReQuest, It Didn’T Get What It Asked for As The Sec Kept the Agency’s Eth Views Largely Loked Down. The US AGENCY HAD SIGNALED An Early View That Eth Was Likely A Commodity, Thens Seened To Waver After The Protocol Shifted to a Proof-of-Stake Consesus Mechanism is a commodity, like bitcoin (BTC).
Read More: New York Attorney General Alleges Ether is A Security in Kucoin Lawsuit
SUCH Wrestling Over Jurisdictional Definitions is at the Heart of the Crypto Industry’s Longstanding Dispute with USA Regulators Administration, including with his choice of the New Sec Chairman, Paul Atkins. The agency has been steadily Issuing Statements about aspects of the Digital Assets Sector ItSiders Outside Its Securities Realm.
For New York’s Case, The Outcome Didn’t Matter Much, Because ITS Department of Financial Services Regulates Both Securities and Commodities Under One Roof, Unlike The Federal GOVIC Between the Sec and Commodity Futures Trading Commission.
In December of 2023, New York Secured a $ 22 Million Settlement with Kucoin Over Ita Failure to Register As An Exchange in The State Any company that brazenly disregards the Law and Jeopardizes New Yorkers’ Savings and Investments. ”
Read More: Kucoin to Pay $ 22m, Exit New York to Settle State Suit
Other Sec Communications Show A Continued Interest in the Categorization of Crypto Assets and the Usight Gaps in Digital Assets.
One Email Revealed The Agency Was Thinking in 2021 About Ripple and Xrp, and Wheth The Blockchain Was Centralized or Decentralized. The Sec Had Begun A Long-Running Legal Battle with Ripple the Year Before When It Accoved the Company of Operation Illegly in the Us, But That Case Ended Recently In Ripple. The agency that had been demanded in an earlier Fine.
X Icon
