Allowing Coinbase to go public was not a 'blessing' of the business: SEC

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Allowing Coinbase to go public was not a 'blessing' of the business: SEC
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At the pre-motion hearing of the SEC vs Coinbase suit, the SEC asserted that in no way does approving a company to go public serve as “a blessing of a company's entire business.”

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, the SEC asserted that it was not signing off on Coinbase’s business structure when giving it the greenlight to go public back in April 2021.

“There is no way that an approval of an S-1 is a blessing of a company's entire business. In fact, there is no evidence being put forth that the SEC looked at specific assets and made specific determinations and then gave Coinbase comfort that this would not later be found to be a security.” “I am not saying that the commission should be omniscient at the time it's evaluating a registration statement and that it should know all things,” she said, adding:

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