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Coinbase Asks Court to Draw Reference from Ruling on Binance Case, Says Its Case Cannot Be Different
Coinbase may have taken its legal battle with the US Securities and Exchange Commission (SEC) a notch higher. This follows a recent motion that the exchange filed in court. According to an X post by the firm’s Chief Legal Officer Paul Grewal, the motion is simply a pointer for Judge Katherine Polk Failla, who presides over the case, to take a cue from a similar case between the SEC and Binance.
It’s important to mention that Judge John P. Jackson, in a recent ruling last Friday, dismissed the SEC’s claim that secondary market transactions of Binance’s native token, BNB, were investment contracts and, thus, securities.
Coinbase argues that their case presents similar issues. The SEC is accusing it of selling unregistered securities and operating without proper licensing for exchange, brokerage, and clearing activities.
Coinbase Asks Judge to Rethink Secur
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