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News Explorer — SEC Files Opposition to Coinbase's Case Dismissal Motion

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Oct 4, 11:00 am
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SEC Files Opposition to Coinbase's Case Dismissal Motion

The SEC has responded to Coinbase's motion to dismiss its case for violating securities laws by filing a 40-page opposition motion. The SEC argues that Coinbase's arguments are unfounded and that the agency has the authority to regulate securities transactions involving crypto assets. Coinbase's Chief Legal Officer, Paul Grewal, responded to the SEC's filing on Twitter, stating that tokens on its platform are not securities based on recent court decisions.

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