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Coinbase has argued that the SEC has been applying existing securities laws to digital assets, prompting a need for wide-ranging rules. A federal appeals court says the U.S. Securities and ...
A key part of the SEC's case is its claim that 13 different cryptocurrencies traded on the Coinbase platform are securities — and therefore should be regulated by Washington. Coinbase, in its ...
The SEC sued Coinbase in June, saying the firm facilitated trading of at least 13 crypto tokens that should have been registered as securities and was operating illegally as a national securities ...
Coinbase, the largest U.S. crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking Coinbase filed in 2022.
In her ruling, Failla rejected Coinbase's argument that crypto should count as a "major question" of economic significance, and therefore limit the SEC's interpretation of securities oversight, as ...
In a blog post, Grewal bluntly stated "Coinbase does not list securities. End of story." Coinbase was met with opposition by the San Francisco-based blockchain company Ripple Labs (which currently is in its own legal battle with the SEC), saying that per the "Howey test" as defined in SEC v. W. J. Howey Co., cryptocurrencies are securities.
The SEC's Coinbase insider trading lawsuit is a more complicated case because none of the defendants are crypto firms, but instead, individuals accused of using insider information for personal gain.
Coinbase responded by calling the investigation "cursory", and stated that it would continue to operate as usual. [107] [108] [109] The next month, Coinbase sued the SEC asking a federal court to force the regulator to respond to a rulemaking petition the company submitted last year asking it to make clear regulations pertaining ...