Despite two ongoing battles with the SEC, Coinbase remains confident that it will win both cases.
In June, the SEC sued Coinbase accusing the platform of acting as an unregistered securities exchange, broker, and clearing agency.
In May, the court ruling upholding the SEC’s jurisdiction over the crypto industry is a encouraging sign.
However, the case against Coinbase really a case against digital assets and crypto more generally.
According to Grewal, recent court decisions in crypto-related cases, such as those involving Grayscale and Ripple, have already yielded positive results.
The SEC’s action against Graysscale and Ripple are not yet fully resolved however.
The agency plans to appeal the July decision in favor of Ripple.
Earlier this week, Coinbase launched a new media campaign, encouraging people who are interested in crypto to contact their congressional representatives through its platform to let them know crypto regulation clarity is an important issue for them.