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Coinbase Tweets Sharp Clarifications Towards SEC’s Claims

Coinbase clarifies all the assertions and questions that have so far been raised by the SEC on its staking services. Taking it for securities or any other similar service is based on the grounds that have been finally moved by Coinbase. Brian Armstrong and Paul Grewal took to Twitter to share the statement that sheds light on the controversy.

The CEO & Co-Founder of Coinbase, Brian Armstrong, has committed to defending the fact that its staking services are not securities. 

Paul Grewal has shared points via his Twitter account for the same. Paul is currently a part of Coinbase as the Chief Legal Officer. To set the record straight, Paul has picked the first assertion where SEC believes that there is no for investors to receive answers related to their investments. A response to this speaks that Coinbase discloses all the critical information to the staking users through a Retail User Agreement.

(By Scott Cook)

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