Coinbase: The SEC has no jurisdiction over cryptocurrencies on the Coinbase platform

ChainCatcher news, Coinbase claims in its first legal response to the lawsuit from regulators that the digital assets listed on the platform are not under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). The SEC sued Coinbase in early June, accusing it of offering a dozen cryptocurrencies through its wallet or trading platform that are unregistered securities.

In a response submitted earlier on Thursday, Coinbase asserted that these cryptocurrencies are not investment contracts and therefore are not securities. (Source link)