Home Cryptocurrency Coinbase (COIN) Seeks to Take Central Issue in US SEC Case to High Court

Coinbase (COIN) Seeks to Take Central Issue in US SEC Case to High Court

by SuperiorInvest

Investment contracts are securities regulated by the SEC, so if a crypto transaction qualifies, it falls within the agency's jurisdiction and must be properly registered under the law. The regulator has argued before lawmakers and courts that the vast majority of digital assets are securities, but Coinbase and others in the industry maintain that once the asset reaches secondary markets and is no longer connected to the company that issued it, the token is beyond scope. The legal reach of the SEC. Responding to this dispute would be critical for the US crypto sector.

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