Coinbase was conscious of securities regulation violations, the SEC claims in letter By Cointelegraph


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The US Securities and Trade Fee (SEC) filed a response to Coinbase (NASDAQ:)’s claims that the regulator lacks jurisdiction to prosecute the crypto alternate.

In keeping with a letter despatched by the SEC on July 7 to a district decide, Coinbase had data of the likelihood that federal securities legal guidelines would apply to its operations, overtly informing its shareholders about the opportunity of property traded on its platform being labeled as securities.

Screenshot of the SEC’s response to the court docket on July 7. Supply: CourtListener