Paul Grewal said Coinbase will seek to dismiss the SEC’s suit on Aug. 4 which will argue that it never sold securities as the regulator alleged.
Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case.
On its Aug. 3 second-quarter 2023 earnings call, Coinbase chief legal officer Paul Grewal expressed confidence the exchange would win the court case brought by the regulator.
6/13/23, Ltr to the 3d Circuit: "The Commission has not yet decided what action to take on that petition."
Today: “We can get to crypto later.”
Is there any serious question that a decision was made to deny sensible rules but deliberately withheld from the public?…
— paulgrewal.eth (@iampaulgrewal) August 3, 2023
Behnam said in a March Senate hearing that ETH was a commodity while Gensler has previously stated all cryptocurrencies besides Bitcoin (BTC) are a security.
Many of the laws currently applicable to the space “were written well before the internet even existed,” Grewal added.
“Regardless of any particular outcome on any motion or any court case, clarity itself is the goal. That’s how we define winning.”