The post Coinbase Cites Hinman Documents in Motion to Dismiss SEC Lawsuit appeared first on Coinpedia Fintech News
Recently, the Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, a well-known cryptocurrency exchange. The SEC claims that Coinbase allowed its users to trade securities that were not registered with the Commission, which goes against the legal requirements. According to the SEC, Coinbase combines the functions of an exchange, broker, and clearing agency without having obtained the necessary registration for any of these roles.
In response to the SEC’s charges, Coinbase took action by filing a notice of intent to submit a motion to dismiss the case.
Coinbase’s Response to SEC Lawsuit
In response to the recent lawsuit filed by the Securities and Exchange Commission (SEC), Coinbase has acknowledged that it has not registered with the SEC as a broker, national securities exchange, or clearing agency. However, the company firmly denies that any of t
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