'Coinbase's SEC Defense is Criminal', Former SEC Chief Says

John Reed Stark, the former Chief of the SEC Office of Internet Enforcement has faulted the current argument of American publicly traded exchange Coinbase Global Inc as it concerns its defense against the markets regulator. As far as John Reed is concerned, the argument from the trading platform that the regulator approved its Initial Public Offering (IPO) back in 2021 and as such, has a good knowledge of its business is flawed.