On June 6, 2023 the SEC filed a complaint against Coinbase Global, Inc. and Coinbase, Inc. in the Southern District of New York. The Complaint alleged that Coinbase was an unregistered exchange, broker, and clearing agency, similar to the allegations in SEC v. Bittrex. Among the alleged securities offered for sale on the Coinbase platform are:
The complaint further alleges that Coinbase offered unregistered securities through its staking program.
Defendants answered the complaint on June 28, 2023. On the same day, Defendants sought leave to file a motion for a judgment on the pleadings. This motion was filed on August 4, 2023. The SEC has not yet responded to this motion, but multiple amicus briefs have been filed in support.
Capto Crypital 