SEC Has No Jurisdiction Over Cryptos on Coinbase's Platform, Exchange Claims in Response to Regulator's Lawsuit

Coinbase filed an answer to the SEC’s lawsuit early Thursday, arguing the regulator violated its due process and is reaching beyond its jurisdiction.

Highlights

• SEC Has no jurisdiction over Cryptos on Coinbase, Exchange says in Lawsuit Response.
• Exchange says regulator violated its due process and is reaching beyond its jurisdiction.
• Coinbase filed an answer to the SEC’s lawsuit early Thursday, arguing regulator violated due process.
• Exchange: SEC has no jurisdiction and doesn’t have jurisdiction over cryptocurrency exchanges on the exchange.

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