EXTRAORDINARY ABUSE OF PROCESS'

Summary from the TLDR Crypto newsletter

Coinbase is challenging allegations by the SEC that it has been facilitating unregistered trading in certain digital tokens. In a recent filing, the company countered that the tokens in question do not qualify as securities. Further, Coinbase accused the SEC of misapplying securities law, arguing that its due process rights have been violated and highlighting what it perceives as inconsistencies in the SEC's decisions. This is yet another example of the company's firm stance against the SEC's onslaught on crypto.