11/11/2023 0 Comments Outlook for coinbase![]() And, you know, I know you've had the chair on. JENNIFER SCHONBERGER: When you say there's no path to registration and you've submitted a petition, has the SEC responded to you?įARYAR SHIRZAD: No, unfortunately, they haven't. We think the opportunity to build a crypto securities market in the United States is enormously exciting, but we've stayed away from it because there's no path to registration and there's just no way to do it. And in fact, we've submitted a petition with the SEC back in June where we enumerated the specific issues that the agency would have to resolve for crypto platforms to be able to come in and register. ![]() We've tried, and there's just no way to do it. Here's what he had to say.įARYAR SHIRZAD: There's no path to registering. We also talked about coming into compliance and forthcoming crypto legislation. JENNIFER SCHONBERGER: I put this to Coinbase's chief policy officer Faryar Shirzad and asked whether Coinbase has attempted to register with the SEC and what their experience has been. And it's an area that has grown up worldwide with a lot of intermingling of customer funds on their platforms, providing interest returns to their customers, and then trading against their customers and the like. GARY GENSLER: It really is on these entrepreneurs and business leaders in the crypto space. Back in December, I asked Chair Gensler why it's been taking so long for crypto firms to get registered. ![]() SEC Chair Gary Gensler has repeatedly called on crypto firms to come in and register with the Commission and come into compliance with securities laws.
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