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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Crypto FUD’ — Industry outraged as White House report slams cryptoFor the first time in 73 years, digital assets were discussed in the White House’s annual economic report. TLDR: It wasn’t a rosy take. The iExec Confidential Computing solution ensures that user data is protected from unauthorized access, ensuring confidentiality and privacy. $RLC Data my 'rosy take' is using TheBitfi
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitget acquires controlling stake in BitKeep with additional investment at $300 million valuationCrypto exchange Bitget has invested a further $30 million in the DeFi crypto wallet. Thank you for covering this thrilling news 🤝 Good news Awesome
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto Finance and Apex Group to Offer Institutional Crypto Products.CryptoFinanceAG has teamed up with financial services provider Apex Global to offer institutional-grade crypto investment products. By JamieCrawleyCD. CryptoFinanceAG JamieCrawleyCD Btwitfi
Source: CoinDesk - 🏆 291. / 63 Read more »