Coinbase, Ripple Challenge SEC's Crypto Term
This is a U.S. news story, published by CoinGape, that relates primarily to Paul Grewal news.
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Coinbase CLO Questions SECCoinGape
•Coinbase CLO Debunks SEC 'Crypto Asset Security' Claims Before Gensler Hearing
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Coinbase CLO Paul Grewal and Ripple CLO have challenged the SEC ’s terminology of “crypto asset security” The term is not found in any law, regulation or Supreme Court judgement.
The SEC is under pressure for coming up with this term yet there is no law in the U.S. that supports it.
All five SEC Commissioners , including Chair Gary Gensler , will testify before the House Financial Services Committee next week .
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