Posted 10/25/2023, 5:51:05 AM
Coinbase Fights Back Against SEC's Broad Crypto Security Designations
- Coinbase claims SEC overreached by classifying certain crypto assets as securities in lawsuit dismissal bid
- SEC's definition of 'investment contract' too broad, argues Coinbase - only Congress can expand authority
- Coinbase crypto trades not securities unless "investment contracts" under Howey test
- SEC rebutted dismissal request, believes crypto assets like securities
- Judge may ask for oral arguments or dismiss / move case to jury trial
