Coinbase asks CFTC to provide relevant communication documents to fight the US SEC lawsuit
2024-10-03 06:32
Odaily News Coinbase has petitioned a federal court to ask the Commodity Futures Trading Commission (CFTC) to hand over any communications it has with several crypto token issuers to help it defend against the Securities and Exchange Commission's lawsuit. According to the motion to compel on October 1, Coinbase wants the CFTC to provide communications with the issuers of 12 cryptocurrencies that the SEC alleges are unregistered securities sold by Coinbase. It also requested documents about the scope of the two regulators' "respective regulatory authority over digital assets, including market uncertainty about this topic." At the same time, it said that the information is "critical to Coinbase's ability to defend itself" because it can review whether the 12 cryptocurrencies accused of being securities meet the definition. (Cointelegraph)
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