Coinbase is attempting to have the lawsuit filed against it by the SEC dismissed. The SEC had accused Coinbase of operating unregistered securities exchanges by facilitating the trading of digital tokens. Coinbase argued that the tokens traded on its platform are not securities and therefore fall outside the SEC’s jurisdiction. The company also argued that the SEC was 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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