Coinbase's Last-Ditch Effort to Swiftly Dismiss SEC Allegations

Coinbase is set to make its final argument on Tuesday in its bid to have the U.S. Securities and Exchange Commission's (SEC) enforcement action against the company dismissed. The company will emphasize two legal arguments: that the tokens being traded on its platform are not investment contracts and therefore not securities, and that the SEC is overstepping its authority by regulating a novel area without clear congressional guidance. The outcome of the case could have significant implications for the cryptocurrency industry in the U.S. and may shape the future of digital assets in the country.