Crypto exchange Coinbase is seeking to have a lawsuit filed by the Securities and Exchange Commission (SEC) dismissed. The SEC has accused Coinbase of operating unregistered securities exchanges by facilitating the trading of digital tokens. Coinbase argues that the tokens traded on its platform are not securities and therefore fall outside the SEC’s jurisdiction. The company claims that the tokens are simple commodities, similar to a painting or baseball card, and do not meet the legal definition of “investment contracts” that would qualify them as securities. Coinbase also argues that the SEC is overreaching its authority and trying to regulate all commerce that involves investment. A federal judge will now decide whether to accept Coinbase’s motion and dismiss the SEC’s lawsuit.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Coinbase, Securities and Exchange Commission (SEC), Etsy
Currencies	None
Securities	None