“The SEC may be very involved with market manipulation associated to Bitcoin costs, and has cited this in virtually, if not all, earlier rejections,” Graeme Moore, Head of Tokenization, on the Polymesh Affiliation, stated earlier to CoinDesk. “It is because the SEC’s view is that Coinbase and others aren’t regulated as exchanges and subsequently can’t be trusted to ‘stop fraudulent and manipulative acts and practices’.”
