CryptoMediaClub
Friday, October 3, 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

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains
All news

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
0

Bitcoin pushed above $120,000 late Thursday, extending a strong run that began in September and kept rolling into October, a...

Read moreDetails
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

03.10.2025
PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
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

Morgan Stanley believes crypto winter is over, Bitcoin halving will kick off new bull run

Morgan Stanley believes crypto winter is over, Bitcoin halving will kick off new bull run

2 years ago
Dogecoin’s Third Leap Incoming? Analyst Predicts Explosive Rally After Dip

Dogecoin’s Third Leap Incoming? Analyst Predicts Explosive Rally After Dip

9 months ago

CleanSpark Boosts Mining Capacity With New Machinery Worth $145 Million

2 years ago
Bitcoin Price Prediction: Golden Cross Pattern Targets $150,000 Rally

Bitcoin Price Prediction: Golden Cross Pattern Targets $150,000 Rally

4 months ago

Categories

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

Highlights

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Why is Bitcoin near all-time highs? Everything that happened in crypto today

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

Trending

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains
All news

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
0

Bitcoin pushed above $120,000 late Thursday, extending a strong run that began in September and kept rolling...

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
Will a Europe-US BTC reserve race actually happen?

Will a Europe-US BTC reserve race actually happen?

03.10.2025
XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

03.10.2025
Why is Bitcoin near all-time highs? Everything that happened in crypto today

Why is Bitcoin near all-time highs? Everything that happened in crypto today

03.10.2025
  • 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