Permitting Coinbase to go public was not a ‘blessing’ of the enterprise: SEC By Cointelegraph


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The U.S. Securities and Alternate Fee (SEC) has argued in court docket that approving a agency’s S-1 software to go public, doesn’t signify a “blessing” from the company, nor present a verification that the enterprise is regulatory compliant.

As per July 13 court docket paperwork from the pre-motion listening to of the SEC vs Coinbase (NASDAQ:) case, the SEC asserted that it was not signing off on Coinbase’s enterprise construction when giving it the greenlight to go public again in April 2021.