News Explorer — Coinbase Argues Once More for Dismissal of Its SEC Lawsuit
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Coinbase Argues Once More for Dismissal of Its SEC Lawsuit
Coinbase has submitted a legal brief arguing that tokens traded on its platform are not securities and that the SEC has exceeded its regulatory authority. The company is seeking to have the SEC's lawsuit against it dismissed, claiming that the tokens do not meet the criteria for "investment contracts" and that the SEC is violating the Major Questions Doctrine. A decision on the motion could come soon, but it is expected to be a challenging process for Coinbase.
Coinbase has submitted a legal brief arguing that tokens traded on its platform are not securities and that the SEC has exceeded its regulatory authority. The company is seeking to have the SEC's lawsuit against it dismissed, claiming that the tokens do not meet the criteria for "investment contracts" and that the SEC is violating the Major Questions Doctrine. A decision on the motion could come soon, but it is expected to be a challenging process for Coinbase.
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