Coinbase Seeks to Toss SEC Suit, Citing Ripple Crypto Ruling
- Largest US crypto exchange said SEC lacks authority over it
- Judges have issued differing rulings on crypto regulation
This article is for subscribers only.
Coinbase Global Inc. asked a judge to dismiss a Securities and Exchange Commission lawsuit against it, pointing to a recent decision by another judge who ruled that Ripple Labs’ XRP was not a security when sold on exchanges.
Coinbase, the largest US crypto exchange, filed its motion to dismiss Friday in federal court in Manhattan, arguing the SEC has no authority over its activities.