fantamike23
3.2K posts



💡 This week on #CoinmunityWednesdays with Coach Miranda Miner, your Pambansang Crypto Coach! Join us for a session on Coaching Filipinos Towards Financial Success and compete in the Rapid-Fire Crypto Trivia 🔥 with ₱5K in prizes at stake! Livestream this Wednesday at 7PM on Coins.ph X, FB, and Discord. Tune in and win!🏅 discord.gg/coinsph #coachmirandaminer #MirandaMiner #cryptocommunity @coachmiranda




Quick Summary of their response in case you are tired to read 177 pages doc. Based on how I understood the document. Full doc here storage.courtlistener.com/recap/gov.usco… 1. Coinbase has filed a motion to dismiss the SEC's case against it for violating securities laws and operating as an unregistered entity. 2. Coinbase argues that the SEC does not have statutory authority over the exchange and its position regarding its powers is "untenable as a matter of law." 3. Coinbase claims that the tokens mentioned in the SEC's complaint are not "investment contracts" and cannot be considered securities because they lack contractual undertakings and enforceable obligations to investors. 4. The exchange argues that even if the SEC has jurisdiction, it should have introduced a formal change to its interpretation of "investment contract." 5. Coinbase cites the Equitable estoppel defense doctrine, claiming that the SEC's previous actions and statements contradict its latest lawsuit against Coinbase. 6. Coinbase argues that the SEC was aware of its listing processes for tokens and raised no objections before bringing the lawsuit. 7. Coinbase contends that the SEC's "about-face" in its stance toward cryptocurrency regulation should bar it from seeking legal remedies. 8. Coinbase maintains that no statute enacted since April 2021 grants the SEC powers to regulate digital asset exchanges retroactively. 9. Coinbase accuses the SEC of engaging in punitive enforcement actions instead of notice-and-comment rulemaking, despite Coinbase's efforts to push for rulemaking.








Today, I introduced the Securities Clarity Act with @RepDarrenSoto. This bill clarifies the regulatory classification of digital assets and provides market certainty for innovators and clear jurisdictional boundaries for regulators.


Weekend vibes. @Nasdaq 👏 @Ripple x @metaco_sa



