For this reason, the SEC Coinbase and Binance are sued

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Von: Krypto News Österreich

Die US-Börsenaufsichtsbehörde Securities and Exchange Commission geriet in den vergangenen zwei Tagen in die Schlagzeilen, als sie gegen zwei der größten Kryptowährungsbörsen vorging und ihnen vorwarf, nicht registrierte Wertpapiere zu verkaufen. Während der SEC-Vorsitzende behauptet, dass diese Maßnahmen dem Wohl der Anleger dienen, ist der CEO von Ripple – Brad Garlinghouse – glaubt, dass es einen anderen Grund gibt. FTX, irgendjemand? Innerhalb von nur 24 Stunden reichte die SEC zwei hochrangige Klagen gegen zwei der bekanntesten Schwergewichte der Branche ein – Binance und Coinbase. Obwohl es einige Unterschiede in den Details gibt, ähneln sich beide Klagen im Kern recht, da …
The US stock exchange supervisory authority Securities and Exchange Commission made the headlines in the past two days when they were doing two of the largest cryptocurrency exchanges and accused them of selling non-registered securities. While the SEC chairman claims that these measures serve the well-being of investors, the CEO of Ripple-Brad Garlinghouse-believes that there is another reason. FTX, someone? Within just 24 hours, the SEC submitted two high -ranking lawsuits against two of the most famous heavyweights in the industry - Binance and Coinbase. Although there are some differences in the details, both complaints are similar, since ... (Symbolbild/KNAT)

The US stock exchange supervisory authority Securities and Exchange Commission has made the headlines in the past two days when they acted against two of the largest cryptocurrency exchanges and accused them of selling not registered securities.

While the Sec chairwoman claims that these measures serve the well-being of the investor, the CEO of Ripple-Brad Garlinghouse-believes that there is another reason.

ftx, someone?

Within only 24 hours, the SEC submitted two high -ranking lawsuits against two of the best -known heavyweights in the industry - Binance and Coinbase.

Although there are some differences in the details, both complaints are similar in the core, since they claim that the two stock exchanges do not sell registered securities in the form of different digital assets such as BNB, BUSD (and issue in the case of Binance). Sol, Matic, Ada and others.

Interestingly, nothing was mentioned in the complaints Ripplei of the native token XRP-although the SEC has been in a legal dispute with the blockchain company for over two years. Nevertheless, the company's CEO, which had repeatedly openly criticized the security authority in the past, decided to comment on the matter.

Garlinghouse with Gary Gensler's official presentation that the Commission is working on “pro innovation”. In fact, he claimed that the supervisory authority was trying to make reparation because it was not able to prevent the loud FTX crash last year.

Besides that Rippleder chief of ’s accused Gensler and his agency also to be exaggerated, since they do not have the" power that he longs for ".

It is embarrassing to see how a un elected bureaucrat strikes around to disguise the fact that he and his authority do not have the power that he longs for. Nobody can be fooled.

- Brad Garlinghouse (@bgarlinghouse) 6. June 2023

what did Gensler say?

Gary Gensler was initially welcomed by the crypto community after his appointment due to his blockchain background. However, all of this turned against those who hoped for clear and quick regulations, since he and his authority, in contrast to other countries, failed to provide a regulatory framework.

While Gensler gave some interviews after the latest complaints, Gensler said that the SEC only had to prove that one of the above crypto assets was a security, which would trigger the domino effect.

"Everything we have to prove is that one of them is a security, and they should be properly registered and have rules against fraud and manipulation as an exchange, broker and the like."

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