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Coinbase, led by Chief Legal Officer Paul Grewal, has filed a motion in the District Court for the District of Columbia to compel the Commodity Futures Trading Commission (CFTC) to release communications between the agency and the issuers of 12 cryptocurrencies that the Securities and Exchange Commission (SEC) alleges are unregistered securities. The motion, filed on October 1, seeks the same types of communications that the Southern District of New York had previously granted against the SEC. Grewal emphasized that "basic due process requires" access to these documents. Coinbase is willing to cover the costs associated with the search to obtain these communications, aiming to strengthen its defense against the SEC's enforcement actions and underscore the need for transparency and due process.
Regulatory News: @Coinbase has taken legal action, demanding that the @CFTC release its communications with issuers of 12 tokens labeled as unregistered securities by the #SEC.
COINBASE PRESSES CFTC FOR DOCS IN SEC BATTLE So, Coinbase is going all out, asking a federal court to make the CFTC spill the tea on its talks with 12 crypto projects the SEC claims are unregistered securities. They filed this motion on October 1, saying they need those docs… https://t.co/eywvdctGvH
COINBASE DEMANDS CFTC DOCS TO FIGHT SEC ALLEGATIONS Coinbase is pushing a federal court to compel the Commodity Futures Trading Commission (CFTC) to hand over communications with the issuers of 12 cryptocurrencies accused by the SEC of being unregistered securities. In its… https://t.co/SDGHI3SPX9
