XRP holders' lawyer JohnEDeaton1 shouts out Coinbase's defense against SEC xrp xrpsec xrparmy xrpcommunity xrpl xrpledger ripple ripplesec coinbase $xrp
, Coinbase Earn, Coinbase Prime and Coinbase Wallet. It suggests that the firm should provide a reasoned response in writing, explaining why the Securities and Exchange Commission should not take legal action against the company.
In the response, Coinbase CEO Brian Armstrong and General Counsel Paul Grewal stated that the U.S. exchange will fiercely defend itself in court against any legal action taken by SEC. At the same time, they expressed a desire for clarity in regulating the crypto industry through cooperation and dialogue. They also stated that the cryptocurrency regulatory framework in the United States needs more guidance, not stronger enforcement.
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