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Coinbase plans Friday filing to seek dismissal of SEC's case "in its entirety"

Coinbase is set to file a motion to dismiss the Securities and Exchange Commission's lawsuit against it on Friday. The exchange has confidence in its arguments and expects to win the case. Coinbase wants to work with regulators to obtain "regulatory clarity" and has argued that the SEC is pursuing a "regulation by enforcement approach." The SEC charged Coinbase in June for several violations, including not registering as an exchange and for the unregistered sale of securities. SEC Chair Gary Gensler has urged crypto platforms to register with the agency.

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