Coinbase chief legal officer responds to SEC disclosure FUD By Cointelegraph
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Coinbase chief legal officer responds to SEC disclosure FUDAs fears surrounding the Coinbase (NASDAQ:) exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange.
In an SEC disclosure made by Coinbase back in May, certain parts of the document mentioned that in the case of bankruptcy, crypto-assets held in custody on behalf of its customers may be “subject to bankruptcy proceedings” and that customers may become “unsecured creditors” in the process.
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Coinbase chief legal officer responds to SEC disclosure FUDAs fears surrounding the Coinbase (NASDAQ:) exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange.
In an SEC disclosure made by Coinbase back in May, certain parts of the document mentioned that in the case of bankruptcy, crypto-assets held in custody on behalf of its customers may be “subject to bankruptcy proceedings” and that customers may become “unsecured creditors” in the process.
Continue Reading on Coin Telegraph
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