Why a Former SEC Chief Is Calling the Agency’s Method in Recent Lawsuits ‘Not Fair’
Robert Cohen shares his insights on the SEC's naming of tokens as securities and its impact on the issuers’ businesses.
In this Premium Interview, Robert Cohen, a partner at Davis Polk, talks about the SEC's naming of tokens as securities in the lawsuits against Binance and Coinbase, the impact on the issuers’ businesses, and the options these companies have to defend themselves.
From the obligations of the SEC to the difficulties businesses face when named in a government complaint, Cohen provides a comprehensive overview of the current landscape.
"It's unfair to real people and businesses who are impacted by the allegations but are not parties to the lawsuits," said Cohen.
🏛️ Why Robert believes it's unfair that businesses are named in a government complaint and the challenges they face
📜 The SEC's obligations and why they are listing only certain tokens as securities
📈 The differences between an insider trading case and the ongoing crypto cases
💼 How the SEC naming tokens as securities affects the issuer companies
⚖️ What the options are for these companies to defend themselves
🚧 Why it’s hard for companies to insert themselves in litigation in which they are not named as defendants
🎲 Whether the SEC picked the tokens as securities out of randomness
🏦 The problems that arise for the token issuers because of the lack of court decision
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