Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) filed a motion asking a federal judge to dismiss the cryptocurrency exchange Coinbase's argument that "crypto transactions do not comply with investment contracts." The focus of the debate is how the judge decides the correct way to interpret a key precedent in securities law known as the Howey test. Previously, the U.S. SEC sued Coinbase in June, stating that the U.S. company failed to register as a securities exchange with market regulators. Coinbase dismissed the case and asked the judge to make a preliminary ruling that cryptocurrency transactions are different from investment contracts because no actual contract is established in the transaction. Coinbase said that the SEC had recognized its behavior when Coinbase went public. The SEC countered that the agency's permission for Coinbase to go public does not mean automatic recognition that transactions on the platform comply with securities laws. (CoinDesk)