🚨MASSIVE: Coinbase Files MOTION TO DISMISS SEC Suit, Citing "Extraordinary Abuse"!

1 year ago
24

In this video, we delve into the recent developments in the SEC vs Coinbase case. Coinbase has filed a motion to dismiss the SEC's lawsuit, arguing that the cryptocurrencies in question are not securities and that the SEC's claims go beyond existing law. The filing emphasizes Coinbase's commitment to dialogue with regulators but asserts that the SEC's actions violate Coinbase's due process rights and constitute an abuse of process.

We explore key points from the filing, including references to SEC Chair Gary Gensler's contradictory statements and the assertion that the subject matter falls outside the SEC's authority. Coinbase's legal team strategically utilizes existing law and historical context to support their position.

We highlight the significance of Coinbase's defense strategy, which aims to establish clarity and engage in meaningful conversation with regulators while standing firm on legal grounds. The motion to dismiss represents a pivotal moment in the battle for regulatory clarity in the crypto space.

Join us as we analyze the filing and the potential implications for the industry. Share your thoughts in the comments, subscribe for more updates, and stay informed about the evolving landscape of cryptocurrency regulation.

https://assets.ctfassets.net/c5bd0wqjc7v0/4oVJN5EioULD0QnSyg01b8/2b1f34594a800c727fb61a384f37e74a/SEC_v._Coinbase__Coinbase_Answer_to_Complaint__As-Filed_.pdf

https://assets.ctfassets.net/c5bd0wqjc7v0/5GLywrMSg77YnhtOSXKbPL/0505c0a8605e036bfee617edcf390528/SEC_v._Coinbase__Coinbase_Pre-Motion_Letter_-_12_c__Motion__As-Filed_.pdf

https://cointelegraph.com/news/coinbase-sec-seeks-dismissal-of-sec-suit-claims-extraordinary-abuse-of-process

https://assets.ctfassets.net/c5bd0wqjc7v0/4oVJN5EioULD0QnSyg01b8/2b1f34594a800c727fb61a384f37e74a/SEC_v._Coinbase__Coinbase_Answer_to_Complaint__As-Filed_.pdf

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