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SEC Refuses to Back Off Case Against Coinbase Crypto Exchange

From bnnbloomberg.ca

The Securities and Exchange Commission doubled down on accusations against Coinbase Global Inc., raising the stakes further in its case against the biggest US crypto exchange. The SEC on Tuesday asked a federal judge to reject Coinbase’s attempts to have the agency’s lawsuit tossed. The company had argued that the watchdog had “abused its discretion” in claiming that the firm was offering crypto products that were unregistered securities. Industry advocates and critics alike are looking at the Coinbase case for answers to longstanding questions about the SEC’s jurisdiction over digital assets. The agency under Chair ... (full story)

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