Coinbase Chief Legal Officer: SEC Ignores Supreme Court Warning and Overregulates Significant Issues Reserved for Congress

ChainCatcher news, Coinbase Chief Legal Officer paulgrewal.eth criticized the SEC on his social platform for ignoring the clear requirement from the Supreme Court decades ago in the Howey case, which states that investment contracts must first require enforceable rights against the issuer.

Additionally, the SEC disregards its obligation to give due consideration to public interest and investor protection when allowing Coinbase to go public. Furthermore, the SEC exhibits overregulation on significant issues reserved for Congress. (source link)