Coinbase seeks CFTC communications to defend against SEC lawsuit.
SEC alleges Coinbase listed unregistered securities without proper requirements.
Cryptocurrency exchange Coinbase has filed a motion to compel the U.S. Commodity Futures Trading Commission (CFTC) to produce communications with issuers of 12 tokens that are central to a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The motion, filed in the Southern District of New York (SDNY), aims to obtain documents that Coinbase argues are essential to its defense.
The SEC’s lawsuit accuses Coinbase of unlawfully listing tokens that should be classified as securities, alleging that the exchange failed to meet the necessary regulatory requirements. It disputes these claims, maintaining that the tokens in question do not meet the definition of securities under the Howey Test, which determines whether an asset qualifies as an investment contract.
Today, @Coinbase filed a narrow motion in DDC to com
We współpracy z: https://thenewscrypto.com/coinbase-urges-cftc-to-produce-documents-in-sec-dispute/
