Coinbase rejects US regulator’s claim that it broke rules on crypto

Coinbase Global has reiterated its view to the US Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday.

Coinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal said the crypto exchange would like to list securities in the future but would not feel comfortable given the regulatory uncertainty, in a response to the SEC made public on Thursday.

“Coinbase does not list securities,” Grewal said.