SEC Pushes Ahead With Case Against Coinbase Crypto Exchange
- Regulator says Coinbase’s arguments are ‘nonsensical’
- Crypto exchange asked judge to toss out SEC suit against it
Industry advocates and critics alike are looking at the Coinbase case for answers to longstanding questions about the SEC’s jurisdiction over digital assets.
Photographer: Gabby Jones/BloombergUpdated on
The Securities and Exchange Commission is pushing ahead with its litigation against Coinbase Global Inc., raising the stakes further in the case against the biggest US crypto exchange.
The SEC on Tuesday asked a federal judge to reject Coinbase’s attempts to have the agency’s lawsuit tossed. The company had argued that the watchdog “abused its discretion” in claiming that the firm was offering crypto products that were unregistered securities.
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SEC Pushes Ahead With Case Against Coinbase Crypto Exchange