Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

IQ AI and OpenLedger work together to improve intelligent automation

2025-06-01

Analyst who has nailed 2021 Bitcoin -Top, predicts new leg for Bitcoin – but there is a catch

2025-06-01

Bitcoin tipped for $ 340,000 target if this level applies – details

2025-06-01
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    IQ AI and OpenLedger work together to improve intelligent automation

    2025-06-01

    Ripple makes a fundamental statement about blockchain -transforming finances

    2025-06-01

    VeChain wants to transform the supply chain from Amazon with confidential evidence

    2025-06-01

    Binance and Pakistan IT ministerie Rollen Blockchain Education Program out for 80,000 students

    2025-06-01

    Omnia -Protocol works together with Flare Networks to unlock more private and interoperable Web3 Future

    2025-06-01
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    IMF requires urgent clarification of Pakistan more than 2,000 MW of Power Allowance to Bitcoin -Mybouw

    2025-06-01

    Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

    2025-06-01

    American authorities charge six people in connection with alleged $ 66,000,000 Food Stamp -Fraud schedule

    2025-05-31

    American authorities punish the Philippines-based company for alleged computer infrastructure for crypto pig breaking stop

    2025-05-30

    FBI is looking for victims who are connected to FunNull Pig Butching Crypto Investment SCAM

    2025-05-30
  • Analysis

    Analyst who has nailed 2021 Bitcoin -Top, predicts new leg for Bitcoin – but there is a catch

    2025-06-01

    Hyperliquid Bitcoin Whale loses $ 100 million because the BTC price falls under $ 105k

    2025-06-01

    Bitcoin can go to the impending correction mode for ‘weeks and weeks’, according to analyst Willy Woo – here is why

    2025-06-01

    Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

    2025-05-31

    XRP multi-time frame breakdown: here comes what is there

    2025-05-31
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»SEC reverses Coinbase’s request to dismiss the case
SEC hits back at Coinbase’s request to dismiss case
Regulation

SEC reverses Coinbase’s request to dismiss the case

2023-10-05No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

On October 4, the US Securities and Exchange Commission (SEC) filed a lawsuit challenging Coinbase’s attempts to dismiss an SEC-filed lawsuit alleging that the crypto exchange violated multiple securities laws.

Coinbase first tried to have the regulator’s charges dropped in August. At the time, it claimed that none of the services offered on its platform were covered by securities law.

The SEC has now countered this by claiming that Coinbase’s role in brokering transactions in investment contracts meets the Howey test, which serves as the litmus test for investment contracts under US securities law.

The regulator addressed the issue as follows:

“To ignore [the application of the Howey test]Coinbase instead asks the Court to conclude that crypto asset transactions on its platform can never constitute ‘investment contracts.’

To this end, Coinbase wants to argue that investment contracts necessarily involve common law contractual agreements – something it does not rely on.

The SEC said this is not a requirement. It said courts have used the Howey test to apply securities laws to investments made outside formal contracts, but acknowledged that courts sometimes consider contractual obligations.

Coinbase shouldn’t be surprised by the charges

The SEC further complained that Coinbase is trying to blame it for the current situation due to alleged flaws in the regulatory process. The regulator countered that the lawsuit “cannot really come as a surprise,” writing:

“[Coinbase] has known all along that a crypto asset bought and sold on its trading platform is a security if it meets the Howey test – as it already acknowledged in 2016 on its website and in its filings with the SEC, as well as in …efforts to analyze assets it was considering bringing to market…using the Howey test.”

The SEC challenged Coinbase’s attempts to invoke the big questions doctrine. Coinbase wants to argue through this doctrine that Congress has not explicitly delegated authority to the SEC over the matters at hand. The SEC said in its filing that it has not adopted any new authorities and is working within existing federal securities laws.

See also  Despite SEC Pressure, Robinhood Acquires Crypto Exchange Bitstamp for $200,000,000

The agency also suggested that Coinbase’s attempts to cite a recent ruling in favor of Ripple’s token sale are not applicable in the current circumstances. It also challenged Coinbase’s attempts to differentiate itself from previous cases against LBRY, Kik and Telegram, in which the SEC each won a settlement against the targeted company.

The SEC originally filed a case against Coinbase on June 6. Coinbase is one of the few crypto companies that chose to fight the SEC rather than settle.

The report that SEC reversed Coinbase’s request to dismiss the case first appeared on CryptoSlate.

Source link

case Coinbases dismiss request Reverses SEC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

IMF requires urgent clarification of Pakistan more than 2,000 MW of Power Allowance to Bitcoin -Mybouw

2025-06-01

Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

2025-06-01

American authorities charge six people in connection with alleged $ 66,000,000 Food Stamp -Fraud schedule

2025-05-31

American authorities punish the Philippines-based company for alleged computer infrastructure for crypto pig breaking stop

2025-05-30
Add A Comment

Comments are closed.

Top Posts

PEPE: Can interest in whales play a role in the recovery of the memecoin?

2024-01-12

Neiro (NEIRO) Price Prediction 2024 2025 2026 2027

2024-09-12

Bitcoin Price Rises as Greed Dominates the Crypto Market

2024-02-14
Editors Picks

How an NFT scammer faked a cancer charity to raise $117,000

2023-05-31

Congressman Emmer reintroduces the clarity law of the effects to define digital assets regulation

2025-03-27

Trader who weathered Bitcoin halving correction outlines worst-case scenario for BTC – here are his prospects

2024-10-07

Bitcoin Whales ‘Buy the Dip’ and Let Retail Investors…

2024-07-07

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

IQ AI and OpenLedger work together to improve intelligent automation

Analyst who has nailed 2021 Bitcoin -Top, predicts new leg for Bitcoin – but there is a catch

Bitcoin tipped for $ 340,000 target if this level applies – details

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,208.520.47%
  • ethereumEthereum(ETH)$2,531.23-0.37%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.17-1.23%
  • binancecoinBNB(BNB)$656.57-0.51%
  • solanaSolana(SOL)$155.86-0.96%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.192121-1.06%
  • tronTRON(TRX)$0.2689800.95%
  • cardanoCardano(ADA)$0.68-1.39%
  • hyperliquidHyperliquid(HYPE)$33.561.82%
  • suiSui(SUI)$3.280.80%
  • chainlinkChainlink(LINK)$14.02-0.64%
  • avalanche-2Avalanche(AVAX)$20.69-1.21%
  • stellarStellar(XLM)$0.2665830.11%
  • bitcoin-cashBitcoin Cash(BCH)$405.61-2.75%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.08%
  • the-open-networkToncoin(TON)$3.160.27%
  • shiba-inuShiba Inu(SHIB)$0.0000130.77%
  • hedera-hashgraphHedera(HBAR)$0.1682170.06%
  • litecoinLitecoin(LTC)$88.110.53%
  • polkadotPolkadot(DOT)$4.04-1.36%
  • moneroMonero(XMR)$330.733.45%
  • bitget-tokenBitget Token(BGB)$4.740.17%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000120.00%
  • piPi(PI)$0.64-1.45%
  • uniswapUniswap(UNI)$6.241.69%
  • aaveAave(AAVE)$246.35-2.45%
  • bittensorBittensor(TAO)$414.50-3.52%
  • aptosAptos(APT)$4.77-0.27%
  • okbOKB(OKB)$49.87-1.24%
  • nearNEAR Protocol(NEAR)$2.430.39%
  • crypto-com-chainCronos(CRO)$0.103621-3.22%
  • internet-computerInternet Computer(ICP)$4.940.96%
  • ondo-financeOndo(ONDO)$0.83-0.40%
  • ethereum-classicEthereum Classic(ETC)$17.04-0.15%
  • gatechain-tokenGateToken(GT)$19.20-0.14%
  • mantleMantle(MNT)$0.680.99%
  • kaspaKaspa(KAS)$0.0862701.59%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.27-0.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.214243-0.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.024107-0.78%
  • render-tokenRender(RENDER)$3.890.19%
  • ethenaEthena(ENA)$0.3103291.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.75-1.82%
  • worldcoin-wldWorldcoin(WLD)$1.14-0.36%
  • filecoinFilecoin(FIL)$2.56-1.30%
  • bitcoinBitcoin(BTC)$105,208.520.47%
  • ethereumEthereum(ETH)$2,531.23-0.37%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.17-1.23%
  • binancecoinBNB(BNB)$656.57-0.51%
  • solanaSolana(SOL)$155.86-0.96%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.192121-1.06%
  • tronTRON(TRX)$0.2689800.95%
  • cardanoCardano(ADA)$0.68-1.39%
  • hyperliquidHyperliquid(HYPE)$33.561.82%
  • suiSui(SUI)$3.280.80%
  • chainlinkChainlink(LINK)$14.02-0.64%
  • avalanche-2Avalanche(AVAX)$20.69-1.21%
  • stellarStellar(XLM)$0.2665830.11%
  • bitcoin-cashBitcoin Cash(BCH)$405.61-2.75%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.08%
  • the-open-networkToncoin(TON)$3.160.27%
  • shiba-inuShiba Inu(SHIB)$0.0000130.77%
  • hedera-hashgraphHedera(HBAR)$0.1682170.06%
  • litecoinLitecoin(LTC)$88.110.53%
  • polkadotPolkadot(DOT)$4.04-1.36%
  • moneroMonero(XMR)$330.733.45%
  • bitget-tokenBitget Token(BGB)$4.740.17%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000120.00%
  • piPi(PI)$0.64-1.45%
  • uniswapUniswap(UNI)$6.241.69%
  • aaveAave(AAVE)$246.35-2.45%
  • bittensorBittensor(TAO)$414.50-3.52%
  • aptosAptos(APT)$4.77-0.27%
  • okbOKB(OKB)$49.87-1.24%
  • nearNEAR Protocol(NEAR)$2.430.39%
  • crypto-com-chainCronos(CRO)$0.103621-3.22%
  • internet-computerInternet Computer(ICP)$4.940.96%
  • ondo-financeOndo(ONDO)$0.83-0.40%
  • ethereum-classicEthereum Classic(ETC)$17.04-0.15%
  • gatechain-tokenGateToken(GT)$19.20-0.14%
  • mantleMantle(MNT)$0.680.99%
  • kaspaKaspa(KAS)$0.0862701.59%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.27-0.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.214243-0.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.024107-0.78%
  • render-tokenRender(RENDER)$3.890.19%
  • ethenaEthena(ENA)$0.3103291.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.75-1.82%
  • worldcoin-wldWorldcoin(WLD)$1.14-0.36%
  • filecoinFilecoin(FIL)$2.56-1.30%