SEC Says Court Should Reject Coinbase’s Motion For Judgment On Crypto Case

(October 6, 2023, 10:23 AM EDT) -- NEW YORK — The Securities and Exchange Commission says that Coinbase Inc.’s motion for a judgment on the pleadings should be denied, arguing in a memorandum of law that Coinbase is asking the U.S. District Court for the Southern District of New York to rule that sales of cryptocurrency on its platform can never involve an investment contract because the SEC says this runs afoul of established tests to determine whether a product is a security....