Coinbase Fights Back: Seeking Dismissal of SEC Lawsuit
Coinbase has responded to the SEC's lawsuit by claiming that the digital assets listed on its platform are not securities and therefore fall outside the regulator's purview. Meanwhile, Germany's financial watchdog has reportedly denied crypto exchange Binance a custody license, although it is unclear if this is a formal decision or an ongoing discussion. In the world of decentralized finance (DeFi), the native token of Compound (COMP) has surged by over 50% in the past four days, accompanied by increased volume and outflows on Binance. COMP's rally is part of a broader positive shift in sentiment in the altcoin market, following bitcoin's rise above $30,000.
- First Mover Americas: Coinbase Responds to the SEC’s Lawsuit CoinDesk
- Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process Cointelegraph
- Why Coinbase Thinks the SEC Lawsuit Should Be Dismissed Decrypt
- SEC Has No Jurisdiction Over Cryptos on Coinbase, Exchange Says in Lawsuit Response CoinDesk
- Coinbase to Ask Court to Dismiss SEC Lawsuit The Wall Street Journal
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