Categories: Market

SEC has shelled crypto companies, will they ever win?

The SEC has targeted crypto companies like Coinbase, Uniswap, and Ripple, and all of them face regulatory threats from the regulator, but can they get on the same page? Find out more in our latest crypto news.

When Coinbase CEO Brian Armstrong recently tweeted that the SEC was threatening a lawsuit if the company launches the highly profitable product Lend, Ripple CEO Brad Garlinghouse reacted quickly and was just 90 minutes from the tweet “Hard,” as Bruce Willis “Welcome To The Party Pal” said, suggesting that Ripple has been battling the SEC for over a year. Mark Cuban also had a message for Armstrong, saying he had to continue the attack with the regulator. Cuban declined to broaden his views, but it could be argued that Armstrong was playing an insult with the tweets. He accused the regulator of intimidation tactics behind closed doors and concluded:

“It’s great when you run [guidance] evenly across the industry. “

However, what happens next does not determine the tweets as the leading companies in the crypto industry are attacked and begin to fight back when they demand a fair set of rules and consistently clarify what is legal and what is not. You have one point, however. Ripple’s battle with the SEC begins with whether the XRP token sale is an unregistered security offering, but why has the SEC waited so long to pursue it? Ripple sold XRP for eight years before the lawsuit, so why wait?

https://t.co/8NupQPMBaT pic.twitter.com/SO5QDqdrMY

– Brad Garlinghouse (@bgarlinghouse) September 8, 2021

Regarding Coinbase, the SEC has crypto companies on its radar, claiming the exchange was trying to deliberate on making their proposed lend product as secure as possible for investors. According to Armstrong, the agency won’t speak to them. There is also Uniswap, one of the most famous and transparent companies in the DeFi sector. The SEC chose it as a target of the investigation and looked into how lawyers Jake Chervinsky documented other “public scams,” pump-and-dump programs, and carpet-drawing. No wonder Armstrong and others had enough and concluded that it was better to roll the dice in court than to keep waiting for the SEC to come up with a regulatory framework.



DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]

.

.

CoinX

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

2 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

2 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

5 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

7 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

10 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

11 hours ago

This website uses cookies.