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Coinbase and SEC to Face off in Pre-motion Hearing

Legal sources have told Cointelegraph that the pre-motion hearing between the SEC and Coinbase, originally scheduled for August but now set for July 13, will provide insight into the tone and potential impact of the litigation on the wider crypto industry.

Coinbase has requested that Judge Katherine Polk Faila dismiss the SEC's complaint filed on June 5, arguing that the tokens are not securities and the regulator is overstepping its jurisdictional authority. The SEC has criticised Coinbase for ignoring securities laws and attempting to construct its own test for investment contracts. The case may take years to be resolved if an agreement is not reached between the parties.

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