Coinbase CEO Responds to SEC Lawsuit Accusing Crypto Exchange of Securities Law Violations
Coinbase CEO Brian Armstrong has responded to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against his cryptocurrency exchange. The securities regulator charged Coinbase with “operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency,” as well as selling unregistered securities “in connection with its staking-as-a-service program.” Coinbase CEO Brian Armstrong Addresses SEC Charges The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, took to Twitter Tuesday to address the lawsuit filed against his exchange by the U.S. Securities and Exchange Commission (SEC). The securities regulator charged Coinbase with “operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency,” as well as selling unregistered securities “in connection with its staking-as-a-service program.” Armstrong tweeted: “Regarding t