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Ongoing Lawsuit Between Coinbase and SEC

“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.”

Coinbase Says SEC Is Attempting to ‘Redefine Definition of an Investment Contract’

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