SEC Argues to Court that Gary's Words Don't Represent the Commission's Views

Coinbase's Paul Grewal probably did not help matters by taking his response to Twitter, but then what could hurt Coinbase's case at this point?

Editor’s Note: The SEC’s legal brief responding to Coinbase’s writ of mandamus lays out a number of arguments on while Coinbase must fail. It also suggests that there is no way outsiders can read the SEC’s thinking as even the Chair’s statements carry no regulatory weight. As always, send me an email (Sean@CeFiWire.com) if you want to meet up. This week we are covering SALT in New York City. As always, if you have news of your own — or if you want to meet up in Austin — drop us a note at “editors@cefiwire.com”.

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