Coinbase Executives Stand Firm Against SEC's Threats.

Coinbase executives, including founder Brian Armstrong and chief legal officer Paul Grewal, responded to the SEC's Wells notice in a video on YouTube and at Consensus 2023. Grewal argued that Coinbase's business has not changed since it was approved for listing on the Nasdaq stock exchange two years ago and that the company is already regulated. He also called for legislation or rulemaking if the SEC wants to expand its oversight over the industry. Armstrong reiterated that Coinbase is committed to working within the regulatory perimeter and is prepared to go to court to defend its position.