The crypto firm has filed a motion to dismiss the legal case brought against it by the US Securities and Exchange Commission (SEC), citing a lack of jurisdiction and violation of due process.
Coinbase’s Rebuttal To SEC
The industry is closely following the legal battle between US-based crypto exchange Coinbase and the SEC. In the latest development in the matter, the crypto firm has claimed that the regulatory body has no jurisdiction over Coinbase’s offerings. The company has even filed a motion with the US court to dismiss the SEC’s complaints on the grounds that the digital assets listed in the Coinbase platform are not considered securities and therefore are not under the SEC’s purview. This motion is in direct opposition to the SEC’s claim that several cryptocurrencies offered on the exchange’s wallets or trading platforms are unregistered securities.
“Cryptos Are Not Investment Contracts”
The SEC had taken its allegations against Coinbase to legal court in ear
We współpracy z: https://cryptodaily.co.uk/2023/06/coinbase-moves-to-dismiss-sec-lawsuit
