Coinbase is planning to file an order in court on Friday to dismiss the SEC’s lawsuit against it in its entirety.
Coinbase has “full confidence” in its arguments made to the court, Paul Grewal, chief legal officer at Coinbase, said in an earnings call on Thursday.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
The SEC charged Coinbase in June over several aspects of its business, including not registering as an exchange, broker or a clearing agency. The regulator also charged the crypto behemoth for the unregistered offer and sale of securities tied to its staking-as-a-service program. "Well, tomorrow, as it turns out, in our case in the Southern District of New York, we will be moving the court for an order dismissing the case in its entirety,"would be submitting a brief that will be taken into consideration at the end of October.that the exchange knew it violated securities laws, specifically pushing back on a claim that its approval of a 2021 registration statement related to Coinbase’s initial public offering meant that its enforcement action had no merit.
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