Cryptos On Coinbase Fall Outside SEC Jurisdiction, Says Exchange In Response To Lawsuit

Coinbase, the largest U.S.-based digital asset exchange, has fired back at the U.S. Securities and Exchange Commission (SEC) in a court filing, stating that the regulator lacks the jurisdiction to institute an enforcement action against the exchange.
Both the SEC and Coinbase are bracing themselves for a lengthy legal battle with the securities watchdog claiming in a June complaint that the exchange listed unregistered securities on its platform. …
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