Coinbase’s Attempt to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues
The Sam Bankman-Fried Trial
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The Sam Bankman-Fried Trial
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Coinbase’s Attempt to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues
“To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said in a Tuesday court filing.
By Nick Baker
AccessTimeIconOct 4, 2023 at 3:13 a.m.
Updated Oct 4, 2023 at 3:43 a.m.
SEC Chair Gary Gensler (House Financial Services Committee)
SEC Chair Gary Gensler (House Financial Services Committee)
The Securities and Exchange Commission filed a motion asking that a federal judge rebuff arguments from crypto exchange Coinbase.
The debate hinges on how the judge might decide the proper way for interpreting the key precedent in securities law known as the Howey test.
U.S. regulators argued Tuesday that Coinbase Inc.’s attempt to toss out the securities law violation it faces should be rejected, asserting the crypto exchange’s justification contains “fatal flaws.”
