CryptoMediaClub
Sunday, October 26, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Coinbase Was Aware it Violated US Securities Laws, Claims SEC

09.07.2023
A A
0
124
VIEWS
ShareShare

The United States Securities and Exchange Commission has issued a response to Coinbase’s recent filing, in which it claims that the exchange made a “calculated decision” to act as an unregistered securities intermediary.

The company filed to dismiss the SEC’s charges back in June.

  • The agency launched a full-on legal operation against two of the behemoths of the crypto industry in early June when it filed consecutive lawsuits against Binance (and its US affiliate) as well as Coinbase.
  • The latter responded swiftly by filing a request to dismiss all charges just a few weeks after the lawsuit.
  • In it, the exchange argued that the SEC had already greenlighted its business model back in 2021 when it allowed Coinbase to become a publicly-traded company.
  • The company has reiterated multiple times its attempts to open positive regulatory dialogues with the US watchdogs, but to no avail so far. It even asked the SEC to provide more clarity on its regulatory policies toward cryptocurrencies, but the agency is yet to respond.
  • However, the SEC responded to Coinbase’s request to dismiss the charges on Friday, July 7. The filing reads that “Coinbase’s own actions belie” its argument “it was unaware that its conduct risked violating the federal securities laws.”
  • The Commission further claims that the exchange has warned its shareholders “repeatedly” since getting listed on NASDAQ of the risk that “the crypto assets traded on its platform could be deemed securities and therefore that its conduct could violate the federal securities laws – including in the very registration statement it now points to as proof that the SEC supposedly blessed its conduct.”
  • The filing also reads that Coinbase has decided to ignore “more than 75 years of controlling law under Howey,” and hade made two “flawed arguments” in its request for dismissal:

“(1) An investment contract must be or include a formal, common law contract, or (2) even if a crypto asset is considered an investment contract when it is first offered and sold by an issuer, that same asset cannot be an investment contract when traded between non-issuers on a platform like Coinbase’s because secondary market transactions not involving its issuer are merely “asset sales.” Both arguments are wrong,” said the SEC.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout
All news

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
0

During the European session, Ethereum (ETH) is showing a slightly bullish bias, trading at around $3,984 level with a 24-hour...

Read moreDetails
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

26.10.2025
Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

26.10.2025
Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

26.10.2025
Load More
Next Post
Will Polygon’s NFT Growth Spur MATIC? 

Will Polygon’s NFT Growth Spur MATIC? 

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined

Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined

1 year ago
Pudgy Penguins NFTs Witnesses Over 500% Surge in Trading Volume

Pudgy Penguins NFTs Witnesses Over 500% Surge in Trading Volume

2 years ago
Countdown Begins: BTCBULL Presale Enters Explosive Final 26 Days 

Countdown Begins: BTCBULL Presale Enters Explosive Final 26 Days 

5 months ago
Binance and Bybit Closer to Becoming Kazakhstan’s First Regulated DATFs

Binance and Bybit Closer to Becoming Kazakhstan’s First Regulated DATFs

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

72-Hour Countdown: Snorter Bot Token Must Sell Out Before Claim Goes Live

Fed Rate Cut Odds Jump to 97% as CPI Comes in Cool at 3% – Bullish for BTC?

World Still Not Off the Hook: Thai SEC Raids Iris Scanning Hub Over WLD Token Breach

Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO

Trending

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout
All news

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
0

During the European session, Ethereum (ETH) is showing a slightly bullish bias, trading at around $3,984 level...

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

26.10.2025
Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

26.10.2025
Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz