The SEC has accused Coinbase of knowingly operating in violation of federal securities laws, citing the company's own warnings to shareholders about the possibility of assets traded on its platform being classified as securities. The regulator claims that Coinbase is deliberately ignoring established legal precedent in an attempt to create its own definition of an investment contract. Coinbase had previously filed a notice of intent to file a motion for judgment, citing comments made by SEC Chair Gary Gensler and the regulator's delayed response to the exchange's activities. A pre-motion conference on the case is scheduled for July 13.