Allowing Coinbase to go public was not a ‘blessing’ from regulators — SEC
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The United States Securities and Exchange Commission (SEC) has argued in court that approving a firm’s S-1 application to go public does not represent a “blessing” from the agency, nor does it provide a verification that the business is regulatory compliant.
As per July 13 court documents from the pre-motion hearing of the SEC vs. Coinbase (NASDAQ:COIN) case, the SEC asserted that it was not signing off on Coinbase’s business structure when giving it the greenlight to go public back in April 2021.
