Coinbase Chief Legal Officer: SEC Regrets Confusion Over "Tokens Themselves Are Securities" Statement
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September 13, 2024
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Coinbase Chief Legal Officer Paul Grewal posted on X: "The US SEC regrets any confusion caused by its 'repeated misrepresentation that tokens are themselves securities.' This is a notable statement in footnote 6 of the SEC's amended complaint against Binance. I hope Stuart Alderoty (Ripple's Chief Legal Officer) gets a good night's sleep. Because when he wakes up and sees this, his head might explode."
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