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Coinbase, the largest U.S. cryptocurrency exchange, has been
openly criticizing the S.E.C. for threatening to sue Coinbase if it
paid interest to customers on their cryptocurrency
deposits. This disappointed Coinbase's customers. It also
terrified many of Coinbase's competitors, who already offer
their customers similar products. In this video, Jeffrey Alberts, co-chair of Pryor
Cashman's FinTech Group, discusses the SEC's legal position
and how it may be applied to companies who pay interest on
cryptocurrency deposits.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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