Crypto Advocate Sees 'Silver Lining' for the Industry in SEC's Warning to Coinbase

against crypto exchange Coinbase may lead to more defined rules for the crypto industry, Brett Quick, head of government affairs at Crypto Council for Innovation, told CoinDesk TV's"First Mover" on Thursday.“There are other jurisdictions around the world that are looking at ways to embrace the technology, to embrace the innovation and the developers that are working on it and they're establishing regulatory clarity,” Quick said.

On Wednesday, the SEC issued a Wells Notice to Coinbase for allegedly selling unregistered securities on its exchange and through its“The silver lining, to the extent there is one of this type of development, is that it will force the establishment of case law that will inform how crypto is regulated and it will set some rules of the road for crypto to comply with,” Quick said.

crypto_council brettwquick SECGov coinbase _franvela Agree. Just a shame that the default is to let courts decide vs proactive gov/industry cooperation

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