“The SEC could 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’s because the SEC’s view is that Coinbase and others will not be regulated as exchanges and subsequently can’t be trusted to ‘forestall fraudulent and manipulative acts and practices’.”
