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Coinbase Challenges SEC’s Attempt to Dismiss Defenses, Asserts Lack of Regulatory Authority over Crypto

Coinbase challenges SEC’s attempt to dismiss defenses, asserts lack of regulatory authority over crypto

Key Points:

– Coinbase has responded to the U.S. Securities and Exchange Commission’s (SEC) attempt to strike out its defenses.
– In a letter to Judge Katherine Failla, Coinbase described the SEC’s motion as “disfavored”.
– Coinbase’s lawyers argued that the SEC lacks regulatory authority over cryptocurrencies.
– The defense is based on the “major questions doctrine, abuse of discretion, equitable estoppel, unclean hands, and laches”.

Hot Take:

Coinbase is not backing down in its battle against the SEC. The cryptocurrency exchange is challenging the SEC’s attempt to dismiss its defenses, asserting that the regulatory authority does not have jurisdiction over crypto. In a witty letter to the judge, Coinbase described the SEC’s motion as “disfavored”. It seems that Coinbase is ready to fight tooth and nail to protect its interests in the crypto space. Let the battle continue!

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