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The SEC filed a complaint users, according to CoinMarketCapwhile Coinbase reported that it while the average crypto trader agencies on regulating crypto.

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The SEC sued Coinbase in June, saying the firm facilitated trading of at least 13 crypto tokens, including Solana, Cardano and Polygon, that. The SEC alleges that Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of. Arguing in front of Judge Katherine Polk Failla of the Southern District of New York, Coinbase's lawyers sought to dismiss the SEC's lawsuit.

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Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. After the broader collapse of the crypto industry in , the SEC ramped up its efforts, suing Terraform Labs as well as exchanges including Coinbase, Binance , and Kraken. He doesn't hold any crypto. Both sides � the SEC and Coinbase � agreed in a Wednesday court hearing that the tokens themselves aren't securities. Jesse Hamilton.