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Coinbase Responds to SEC Lawsuit, Claims Regulator Is Overreaching

June 29 (Cointime) - Coinbase has responded to the SEC's lawsuit by arguing that the regulator has overreached its jurisdiction by coming after the crypto exchange. The firm claims that none of the digital assets listed on its platform falls within the SEC's purview and that the assets highlighted by the SEC are not investment contracts and therefore do not qualify as securities.

Coinbase also argues that there is an issue of undue process on the part of the regulator and that SEC Chair Gary Gensler only changed his position on the regulator's authority over crypto between taking office in April 2021 and mid-2022.

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