Coinbase was aware of securities law violations, the SEC claims in letter
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The United States Securities and Exchange Commission (SEC) filed a response to Coinbase (NASDAQ:COIN)’s claims that the regulator lacks jurisdiction to prosecute the crypto exchange.
According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities.
