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 <li>Coinbase urges the CFTC to produce communications with issuers of the 12 tokens mentioned in the SEC lawsuit.</li>
 <li>The exchange believes that the documents will be crucial in determining the tokens’ regulatory status.</li>
 <li>The court previously ordered the SEC and FDIC to submit relevant documents in response to Coinbase’s motion.</li>
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In a new development in its ongoing legal battle with the SEC, Coinbase has filed a motion requesting the Commodities Futures Trading Commission (CFTC) to hand over communications with issuers of 12 tokens named in the lawsuit. The exchange believes these documents could be crucial to its defense against SEC allegations that these tokens are unregistered securities.
Coinbase Chief Legal Officer Paul Grewal announced the motion on October 2nd via an X post, stating that the filing was made in the Southern District of New York (SDNY).
<a href="https://coinedition.com/ex-coinbase-execs-launch-truex-exchange-backed-by-paypals-pyusd/" rel="noopener noreferrer nofollow">Read also: Ex-Coinbase Execs Launch TrueX Exchange, Backed by PayPal’s PYUSD</a>
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 Today, <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Coinbase</a> filed a narrow motion in DDC to compel <a href="https://twitter.com/CFTC?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CFTC</a> to produce communications between the agency and the 12 token issuers named in our <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a> enforcement suit. These are the same types of comms that the SDNY alread…
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The post <a href="https://coinedition.com/coinbase-escalates-sec-battle-demands-cftc-disclosures/" rel="noopener noreferrer nofollow">Coinbase Escalates SEC Battle, Demands CFTC Disclosures</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Coinbase Escalates SEC Battle, Demands CFTC Disclosures

Coin Edition

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