Coinbase Pushes Back Against SEC's Allegations of Legal Violations.

Coinbase has accused the US Securities and Exchange Commission (SEC) of making decisions about alleged legal violations "on the fly" in response to a Wells Notice warning from the regulator. The SEC claims Coinbase's staking service, Prime and Wallet products, along with its general listing process, may all violate federal securities law. Coinbase argues that cryptocurrencies listed on the exchange are not securities and that even if certain digital assets listed on the exchange are securities, Coinbase's own products don't meet the standards for securities law violations. Coinbase has already met with SEC officials after filing its response and is preparing for litigation.