Coinbase Says SEC is Refusing to Cough Up Documents Critical for its Defense

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Decrypt 12h ago

Coinbase Says SEC is Refusing to Cough Up Documents Critical for its Defense - Decrypt

Quick Summary:

Coinbase has filed a motion to compel the SEC to produce documents deemed critical to its defense against the regulator.

Coinbase is disputing these allegations, asserting that the SEC lacks the congressional authority to regulate digital assets and that Coinbase did not receive fair notice of any violations.

In June 2023, the SEC charged Coinbase with operating an unregistered securities exchange, broker, and clearing agency and alleged that its staking services constitute unregistered securities offerings.