Coinbase Fights SEC Lawsuit, Argues Crypto Rules Still Unclear

Coinbase will make a final argument on Tuesday seeking to dismiss an SEC lawsuit accusing it of enabling unregistered securities transactions.

Coinbase argues the SEC hasn't shown actual investment contracts existed, and claims the agency is overstepping into an area awaiting Congressional action.

The judge has signaled skepticism of the SEC's arguments, but dismissing a government case at this stage is rare.

The case could impact the crypto industry, as the SEC argues most cryptocurrencies are securities requiring regulation.

Coinbase sued the SEC in a separate case demanding clarity on crypto rules; the agency says it has a staff recommendation on how to proceed.