Yugocean
Valued Contributor
US crypto exchange giant Coinbase's issue with the SEC regarding the Insider Trading is taking interesting turn on which Coinbase has objections. But, SEC's director of enforcement, Gurbir Singh Grewal, has strong intentions.
Coinbase says that the SEC cannot act by the laws of the 1930s because at that time the existence of future cryptocurrencies was not taken into account. Whereas Under Grewal's direction, the SEC is cracking down on insider trading, it has charged a former congressman, FBI intern and ex-CISO with violations of market fairness and federal securities regulations.
Although the SEC is not being praised for this work by the people, people are assuming that it is all in vain as the SEC does not take any action against the ruling accused, like House Speaker Nancy Pelosi. The Agency's appointment of Nancy's former adviser Jaime Lizzarraga to the SEC commissioner has further eroded public confidence in the SEC.
Coinbase says that the SEC cannot act by the laws of the 1930s because at that time the existence of future cryptocurrencies was not taken into account. Whereas Under Grewal's direction, the SEC is cracking down on insider trading, it has charged a former congressman, FBI intern and ex-CISO with violations of market fairness and federal securities regulations.
Although the SEC is not being praised for this work by the people, people are assuming that it is all in vain as the SEC does not take any action against the ruling accused, like House Speaker Nancy Pelosi. The Agency's appointment of Nancy's former adviser Jaime Lizzarraga to the SEC commissioner has further eroded public confidence in the SEC.
