Coinbase said in a letter filed late on Wednesday in Manhattan federal court it will ask a judge to toss the SEC lawsuit, arguing the regulator lacks authority to pursue civil claims because the crypto assets trading on its platform are not "investment contracts," and thus not securities.
After surprise rate hikes in Australia and Canada, and as the Federal Reserve forecasts two more hikes, investors are now betting that interest rates will remain higher for longer.
Isa rules & T&Cs apply. This does not affect our editorial independence.
SEC accuses Coinbase of violating securities laws
por Hunter Dempsey (19/07/2023)
Coinbase said in a letter filed late on Wednesday in Manhattan federal court it will ask a judge to toss the SEC lawsuit, arguing the regulator lacks authority to pursue civil claims because the crypto assets trading on its platform are not "investment contracts," and thus not securities.After surprise rate hikes in Australia and Canada, and as the Federal Reserve forecasts two more hikes, investors are now betting that interest rates will remain higher for longer.
Isa rules & T&Cs apply. This does not affect our editorial independence.
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