Coinbase Argues That the SEC is Attempting to ‘Redefine Definition of an Investment Contract’

Coinbase Argues That the SEC is Attempting to ‘Redefine Definition of an Investment Contract’



Coinbase argues that assets like paintings, baseball cards, and cryptocurrencies can be investments but aren’t securities unless they offer a contractual claim related to a business’ future profits or assets, and the SEC hasn’t shown that trades on Coinbase’s platform confer such claims or a financial stake in an enterprise.



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