Coinbase stated in its amicus (“friend of the court”) brief that it had fully cooperated with the investigation of Wahi, his brother and their friend and it implied that it was under judgment in the case as well.

The exchange denied selling securities, but stated that it would like to sell digital asset securities, were it not for the “state of uncertainty” in regulation:

“Coinbase would like to expand its platform to include digital-asset securities (such as tokenized stocks), but no U.S. company can do so until the SEC provides a clear regulatory framework.”