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 <p>The U.S. Securities and Exchange Commission (SEC) has asked a federal judge to deny Coinbase’s motion to dismiss a high-profile lawsuit alleging the exchange improperly offered unregistered <a rel="noopener noreferrer nofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>urities. </p> 
 <p>Coinbase previously contended the SEC abused its discretion. The exchange says the SEC exceeded its authority in bringing charges against the platform for dealing in crypto assets not registered as <a rel="noopener noreferrer nofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>urities. However, the agency asserts it acted firmly within its jurisdiction in targeting alleged <a rel="noopener noreferrer nofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>urities law violations.</p> 
 <p><strong>Also Read:&nbsp;Friend.Tech Users Fall Victim to SIM Swap Attack, Loses Ethereum</strong></p> 
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    <p lang="en" dir="ltr">JUST IN: 🇺🇸 SEC asks judge to deny Coinbase motion to dismiss its lawsuit.</p>— Watcher.Guru (@WatcherGuru) October 3, 2023 
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 <h2 class="wp-block-heading" id="h-coinbase-sec-case-has-broad-implications">Coinbase-SEC case has broad implications</h2> 
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 <p>The closely watched case holds broad implications for the legal status of cryptocurrencies and the SEC’s scope of oversight. The crypto community is monitoring the outcome for precedent on the commission’s regulatory reach regarding digital asset platforms.</p> 
 <p>Under Chair Gary Gensler, the SEC has taken the stance that most cryptocurrencies qualify as <a rel="noopener noreferrer nofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>urities subject to its investor protection rules.&nbsp;However, the exchange argues that many assets don’t fall under the <a rel="noopener noreferrer nofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>urities title and lie beyond the SEC’s purview.</p> 
 <p><strong>Also read:&nbsp;Binance Assists in Bust of $277M Thai Crypto Scam Syndicate</strong></p> 
 <p>While the SEC’s scrutiny of the cryptocurrency realm continues, the outcome of the Coinbase-SEC lawsuit will prove to be a pivotal moment for the crypto community.</p> 
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  <li>COINBASE</li> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-asks-judge-to-deny-coinbase-motion-to-dismiss-its-lawsuit-tbt65002.html">https://thebittimes.com/sec-asks-judge-to-deny-coinbase-motion-to-dismiss-its-lawsuit-tbt65002.html</a></p>

SEC Asks Judge to Deny Coinbase Motion to Dismiss its Lawsuit

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