Coinbase: US SEC has no jurisdiction over cryptocurrencies on Coinbase

Coinbase responded to a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC), saying that token issuers have no obligation to investors, that the SEC has no jurisdiction over cryptocurrencies on the Coinbase platform, and that regulators have violated its legitimate rights and interests. procedural rights, and asked the judge in charge of the case to allow it to submit a judgment, setting a seven-week timeline for its motion, the SEC's objection, and its own response to the objection.