On 3 October 2023, the U.S. Securities and Exchange Commission (SEC) filed a comprehensive legal memorandum opposing Coinbase’s Motion for Judgment on the Pleadings. The SEC’s opposition is rooted in the Howey test, a legal standard used to determine what constitutes an “investment contract.” According to the SEC, an investment contract is an arrangement where […]
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U.S. SEC Fights Coinbase’s Lawsuit Dismissal, Coinbase’s Chief Legal Officer Fires Back
