Hinman Emails Will Help Coinbase's Fair Notice Defense: Crypto Lawyer
The tweet from Grewal contained the screenshot of a portion of the documents that highlighted a “regulatory gap” in which an asset can be excused from being tagged as a security if there’s no controlling entity to hold onto in the case of a decentralized entity and is still required to register to fulfill an obligation to protect investors. advertisement Grewal noted that the clause underpinning the regulatory gap is what the trading platform had been telling the US SEC, Congress and the Third Circuit Court respectively. John Deaton, known for his insightful commentary on the case noted that the regulatory gap can help the fair notice defense on the part of Coinbase, Ripple and other digital currencies the SEC might be going after. The Hinman emails help @coinbase, #ETH and @Ripple’s fair notice defense. How much it helps anyone in a courtroom is yet to be seen. But in the Court of Public Opinion and in Congress, the emails should help dri...