Finally, Coinbase Says SEC Has No Jurisdiction Over Its Assets
In its first legal response to the lawsuit filed by the US Security Exchange Commission (SEC), Coinbase stated that the assets traded on its platform do not fall under the Commission’s jurisdiction.
The exchange claims that the regulators have overreached and are in violation of due process
Moreover, in Coinbase’s answer to the SEC’s complaints, the exchange stated that the assets traded in its market are not within its purview. In the filing, Coinbase noted that none of the laws enacted since April 2021, when the SEC declared Coinbase registered, have given the commission power over digital asset exchanges.