SEC asks judge to deny Coinbase's motion to dismiss lawsuit

THE regulator has request A federal judge has refuse Coinbase movement has dismiss It is trial, affirming THE exchange knew THE cryptocurrencies he sold were securities below THE Howey test.

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THE United States Securities And Exchange Commission has request A federal judge has refuse Coinbase movement has dismiss A trial by THE regulator.

In A October. 3 deposit In A New York District Court, THE SECOND hit back has complaints In Coinbase dismissal movement And reiterated It is belief that a few of THE cryptocurrencies listed on It is platform were investment contracts below THE Howey Test subject has SECOND registration.

"Each crypto active issuer guest investors — including buyers on Coinbase platform — reasonably has to wait for THE value of their investment has increase base on THE of the transmitter widely distributed plan has develop And maintain THE assets value," THE SECOND wrote.

THE SECOND asserted Coinbase has "known all along" that cryptocurrencies he sell are securities if they meet THE Howey Test And alleged THE exchange recognized This In It is deposits with THE SEC.

THE regulator Also wash Coinbase argument invoke THE "major questions doctrine" which claims THE SECOND has No authority on THE crypto walk until Congress said therefore.

"THE SECOND has not assumed For himself any of them new power has TO DO What THE federal securities laws TO DO not Already expressly to allow he has TO DO," THE SECOND said...