{"id":8394,"date":"2023-12-19T10:14:08","date_gmt":"2023-12-19T10:14:08","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8394"},"modified":"2024-03-27T12:43:31","modified_gmt":"2024-03-27T12:43:31","slug":"coinbase-officially-objects-to-sec-decision","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-officially-objects-to-sec-decision\/","title":{"rendered":"Coinbase Officially Objects to SEC Decision!"},"content":{"rendered":"<p>San Francisco-based crypto exchange <strong>Coinbase<\/strong> made an official objection after the U.S. Securities and Exchange Commission (<strong>SEC<\/strong>) rejected their application for crypto regulations. Coinbase&#8217;s Chief Legal Officer <strong>Paul Grewal<\/strong> announced that they would take this step immediately and that they were ordered to submit the record of the decision to the U.S. Third Circuit Court of Appeals by January 24, 2024.<\/p>\n<blockquote><p>For your attention: <em><strong><a href=\"https:\/\/coinengineer.net\/blog\/judge-rejects-craig-wrights-claim-to-be-satoshi-nakamoto\/\">Judge Approved Agreement Between Binance and CFTC!<\/a><\/strong><\/em><\/p><\/blockquote>\n<p>With Coinbase&#8217;s objection, it is stated that they aim to force the SEC to respond to their petition. The exchange criticized the regulation campaign, describing the SEC&#8217;s decision as &#8220;<strong>arbitrary, capricious, abuse of discretion<\/strong>&#8220;. Coinbase considered the rejection of the petition as a disregard of the Administrative Procedure Act and the principles of basic justice.<\/p>\n<p>The SEC&#8217;s defining of cryptocurrencies as <strong>securities<\/strong> caused controversy within the crypto community. SEC Chairman <strong>Gary Gensler<\/strong> supported this decision, arguing that securities laws also apply to cryptocurrencies.<\/p>\n<p>Coinbase opposes the SEC&#8217;s decision by <strong>making political donations<\/strong> and conducting <strong>lobbying activities<\/strong> with the aim of supporting the crypto industry. Last June, the SEC sued Coinbase for securities law violations. During this process, Coinbase&#8217;s efforts to defend the crypto community and on regulatory issues are being watched with comprehensive attention.<\/p>\n<p><em>In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019 t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>, <\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco-based crypto exchange Coinbase made an official objection after the U.S. Securities and Exchange Commission (SEC) rejected their application for crypto regulations. Coinbase&#8217;s Chief Legal Officer Paul Grewal announced that they would take this step immediately and that they were ordered to submit the record of the decision to the U.S. Third Circuit Court<\/p>\n","protected":false},"author":1,"featured_media":8393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,11,2],"tags":[151,3057,3058,39],"class_list":["post-8394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-exchange-news","category-news","tag-coinbase","tag-coinbase-officially-objects-to-sec-decision","tag-coinbase-vs-sec","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Officially Objects to SEC Decision! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"San Francisco-based crypto exchange Coinbase made an official objection after the SEC rejected their application for crypto regulations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-officially-objects-to-sec-decision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Officially Objects to SEC Decision! 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