Coinbase, the largest digital class in the United States, revealed that the population in five states has been accused of more than $ 90 million as possible rewards since June 2023.
The stock exchange indicated that the missed profits stem from the continuous legal procedures for these states against registration services on the platform.
Coinbase pushes back against the ban on those who want the United States
On April 25, Coinbase has publicly urged California, New Jersey, Maryland, Yeskonsen and South Carolina to raise their restrictions on its exciting services.
According to exchange, removing these restrictions would comply with these countries with the Securities and Stock Exchange Committee (SEC). It is worth noting that many other countries have already abandoned similar efforts.
Earlier this year, SEC has dropped its enforcement procedures against Coinbase’s assessments, allowing exchange to resume its services without federal opposition.
After the SEC step, I withdrew Illinois, Kentucky, South Carolina, Vermont, and Alabama their actions, leaving a handful of countries that maintain restrictions.
Coinbase argues that reservations have imposed an old and wrong embargo. The company emphasizes that the organizers who originally designed stops and desist to combat fraud, not legitimate financial services such as stokeing.
Given, the company warned that the financial impact on the population will continue to grow unless the restrictions are raised soon.
“Contemporaries actively harm their consumers by preventing their access to safe wealth generation tools such as wealth. They have assigned these Americans tens of millions of dollars in potential profits – and counting,” Coinbase Legal officials of Coinbase Paul Garioal He said On x.
Besides the lost profits, Coinbase believes that these procedures at the state level harm consumers by reducing their options.
The Stock Exchange warned that the population may have to search for options through less safety and light -regulatory platforms. This transformation can display users of higher risks without the protection provided by licensed and licensed exchanges.
“Through a Coinbase, these suspended cases choose the winners and losers arbitrarily. This is the task of consumers, not government bureaucrats. Less organized (or disorganized) Stacking, “Coinbase
Coinbase also raised concerns about the broader effects of the encryption industry. He said that the ongoing ban, adding to the organizational uncertainty that continues in the American digital asset market cloud.
While SEC and multiple states have moved towards more clarity, the suspended countries risk isolation from the emerging federal framework.
“On this background, the continuous litigation by the suspended countries cannot be defended more than ever. These lawsuits do not protect consumers – they confuse them and expose them to greater risks,” said Coinbase.
The Stock Exchange urges these countries to agree with the national efforts to update encryption regulations.
The company confirmed that the dropping of restrictions on residents would benefit the population and enhance the safest innovation. He added that this step will help create a stronger and more competitive encryption economy in the United States.
Disintegration
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