• The US SEC filed an opposition to Coinbase’s motion to dismiss the lawsuit filed against the exchange.
• Coinbase legal head Paul Grewal argued that the SEC “makes sweeping claims of what the law is” without legal citations.
• Grewal also argued that the SEC will go as far as to label “Pokemon cards” as securities.

Earlier today, Coinbase Chief Legal Officer, Paul Grewal posted on X (formerly Twitter) that the US  SEC responded to Coinbase’s motion to dismiss and restated its stance that certain cryptocurrencies featured on the Coinbase platform qualified as investment contracts under the Howey Test, making them subject to SEC registration.

According to Grewal, the SEC repeatedly asserted its interpretations of the law without providing legal citations. He emphasized that the assets Coinbase includes in its platform are not securities. Hence, they “are not within the SEC’s j…

The post SEC Could Label “Pokemon Cards” as Securities, Coinbase CLO appeared first on Coin Edition.

• The US SEC filed an opposition to Coinbase’s motion to dismiss the lawsuit filed against the exchange.
• Coinbase legal head Paul Grewal argued that the SEC “makes sweeping claims of what the law is” without legal citations.
• Grewal also argued that the SEC will go as far as to label “Pokemon cards” as securities.

Earlier today, Coinbase Chief Legal Officer, Paul Grewal posted on X (formerly Twitter) that the US  SEC responded to Coinbase’s motion to dismiss and restated its stance that certain cryptocurrencies featured on the Coinbase platform qualified as investment contracts under the Howey Test, making them subject to SEC registration.

According to Grewal, the SEC repeatedly asserted its interpretations of the law without providing legal citations. He emphasized that the assets Coinbase includes in its platform are not securities. Hence, they “are not within the SEC’s j…

The post SEC Could Label “Pokemon Cards” as Securities, Coinbase CLO appeared first on Coin Edition.