Coinbase ($COIN) Accuses SEC of Trying to Destroy Crypto Industry

May 31, 2024, 02:39 PM

Coinbase has accused the US Securities and Exchange Commission (SEC) of attempting to destroy the cryptocurrency industry through aggressive litigation tactics. In a 36-page brief filed on May 31, 2024, Coinbase criticized the SEC's approach, describing it as a 'scorched-earth' strategy aimed at dismantling the crypto sector. The filing represents a final push by Coinbase to urge the SEC to establish clear regulatory guidelines for the industry.