Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

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Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

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Tracy D'souza cointelegraph

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Oct 25, 2023 0 min read

This article is syndicated from a third-party source. Read the original on the publisher's site.

Originally published at cointelegraph

Coinbase has filed a final bid to dismiss a lawsuit filed by the US Securities and Exchange Commission (SEC), arguing that the SEC has overstepped its authority in classifying certain cryptocurrencies as securities. In its filing, Coinbase argues that the SEC's definition of a security is too broad and that it does not apply to the cryptocurrencies that Coinbase lists. Coinbase also argues that the SEC is violating the "Major Questions Doctrine," which requires Congress to provide clear guidance on complex issues before the SEC can regulate them. The SEC filed its lawsuit against Coinbase in June 2023, alleging that the exchange violated US securities laws by listing certain cryptocurrencies without registering them with the SEC. The SEC has argued that the cryptocurrencies that Coinbase listed are investment contracts and therefore securities.

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Original article: cointelegraph

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Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

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