Following their motion to dismiss the regulator’s lawsuit, Coinbase has said that they “expect to win” their ongoing legal battle with the US Securities and Exchange Commission (SEC). Indeed, during an earnings call taking place Friday, Coinbase’s Chief Legal Officer, Paul Grewald, discussed the ongoing conflict.
Grewal stated, “With respect to the litigation with the SEC, I want to be very clear: we do think we can win. We expect to win.” Moreover, the Coinbase executive notes the overarching goal of litigation is “to achieve regulatory clarity [and] to protect consumers,” while ensuring innovation in the sector continues.
Also Read: Coinbase to File Motion to Dismiss SEC Lawsuit
Coinbase Expects a Win in Court Fight with SEC
The discrepancy between the digital asset industry and regulators has continued this week. Yet the industry has maintained a commitment to fight back against unclear standards and unspoken expectations. Now, one of the targeted crypto firms is expressing confidence in their case.
Specifically, Coinbase has said that they “expect to win,” their legal battle with the SEC. The statement was made in an earnings call that took place Friday, following the filing of a motion to dismiss the SEC’s lawsuit against the company.
Also Read: Coinbase Says SEC Has No Authority to Pursue its Lawsuit
Grewald discussed the goal of the lawsuit, as well as the company’s clear expectations. Subsequently, he stated, It is important to understand that our goal across not just the litigation but all of our efforts engaging with the SEC and engaging with the US government as a whole is to achieve regulatory clarity, to protect consumers, promote innovation, and essentially establish clear rules of the road that everyone can understand and follow.”
The agency had filed its initial lawsuit against the exchange in June, citing securities law violations. Conversely, Coinbase stated its belief that the SEC does not have grounds for its lawsuit against the exchange. Currently, the regulator has until October 3rd to respond to the motion.