• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Regulation»SEC hits back at Coinbase’s request to dismiss case
SEC hits back at Coinbase’s request to dismiss case
Regulation

SEC hits back at Coinbase’s request to dismiss case

2023-10-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

On Oct. 4, the U.S. Securities and Trade Fee (SEC) submitted a courtroom submitting opposing Coinbase’s makes an attempt to dismiss a swimsuit filed by SEC, which alleges that the crypto change has violated a number of securities legal guidelines.

Coinbase first tried to have the regulator’s fees thrown out in August. At the moment, it claimed that not one of the companies supplied on its platform fall beneath securities legislation.

The SEC has now countered this by asserting that Coinbase’s position in intermediating transactions in funding contracts satisfies the Howey Check, which serves as a litmus take a look at for funding contracts beneath American securities legislation.

The regulator addressed the difficulty as follows:

“Ignoring [the application of the Howey test], Coinbase as an alternative asks the Courtroom to conclude that crypto asset transactions on its platform can by no means contain ‘funding contracts.’”

To this finish, Coinbase intends to argue that funding contracts essentially embody widespread legislation contractual agreements — one thing that it doesn’t depend on.

The SEC mentioned that this isn’t a requirement. It mentioned that courts have used the Howey take a look at to use securities legal guidelines to investments made outdoors of formal contracts, however acknowledged that courts typically take contractual undertakings into consideration.

Coinbase shouldn’t be shocked by fees

The SEC in any other case complained that Coinbase is making an attempt in charge it for its present state of affairs by alleged shortcomings within the regulatory course of. The regulator countered that the lawsuit  “can not actually come as a shock,” writing:

“[Coinbase] has recognized all alongside {that a} crypto asset purchased and bought on its buying and selling platform is a safety if it meets the Howey take a look at—because it acknowledged on its web site way back to 2016 and in its filings with the SEC, in addition to in … efforts to investigate property it was contemplating itemizing … utilizing the Howey take a look at.”

The SEC contested Coinbase’s makes an attempt to invoke the foremost questions doctrine. Coinbase intends to argue by this doctrine that Congress has not explicitly delegated authority to the SEC on the issues at hand. The SEC mentioned in its submitting that it has not assumed any new powers and is working inside present federal securities legislation.

See also  Regulated exchanges hesitate on crypto exposure despite growing demand

The company additionally instructed that Coinbase’s makes an attempt to quote a latest ruling in favor of Ripple’s token gross sales don’t apply within the present circumstances. It additionally contested Coinbase’s makes an attempt to differentiate itself from previous instances towards LBRY, Kik, and Telegram, every of which noticed the SEC win a settlement towards the focused firm.

The SEC initially filed its case towards Coinbase on June 6. Coinbase is one among only a few crypto firms which have chosen to combat the SEC quite than settle.

The put up SEC hits again at Coinbase’s request to dismiss case appeared first on CryptoSlate.

Source link

Case Coinbases dismiss Hits request SEC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy

2025-02-21

Hackers exploit booming crypto market, laundering hits $1.3 billion in 2024

2025-01-13

SEC charges three people for impersonating securities brokers in $2.9 million Bitcoin-related scam

2024-12-11

Synthetix’s Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?

2024-09-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Cardano releases a major update on Voltaire era, will ADA make the most of it?

2023-04-29

Within the derivatives market, sentiment for ADA began to show bullish. Regardless of engaged on…

NFT

We Asked Experts What the Future Holds for NFTs

2023-03-11

The purpose in Web3 is to remain forward of the curve. Whether or not you’re…

Regulation

Tyler Winklevoss criticizes the Fed’s crackdown on Customers Bank

2024-08-10

Crypto alternate Gemini co-founder Tyler Winklevoss known as the “reset” of the crypto stance of…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Three Whales Make Big Bets on ETH and BTC via DeFi Protocols

2023-04-23

Bitcoin Price Will Skyrocket To $280,000 Next Year: Hedge Fund

2024-02-05

How Great Is Bored Ape For Making Money?

2023-05-23

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,359.00-2.49%
  • ethereumEthereum(ETH)$2,558.13-4.48%
  • tetherTether(USDT)$1.000.03%
  • rippleXRP(XRP)$2.35-4.20%
  • binancecoinBNB(BNB)$671.89-1.84%
  • solanaSolana(SOL)$175.26-6.21%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 108,156.98
ethereum
Ethereum (ETH) $ 2,555.17
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.34
bnb
BNB (BNB) $ 671.37
solana
Solana (SOL) $ 174.34
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.227567
cardano
Cardano (ADA) $ 0.757853
tron
TRON (TRX) $ 0.27235