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Coinbase readies for battle with SEC over legality of crypto business
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WASHINGTON — Coinbase said on 27 April it would fight the Securities and Exchange Commission over the agency's claim that much of its business is illegal and try to convince a court that Wall Street regulators lack the authority to oversee cryptocurrency markets.
The company outlined its legal strategy in a memorandum that formally responded to the SEC's earlier notice of a potential enforcement action against the company. The memo, made public by Coinbase along with a video featuring its chief executive, underscores the company's...
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