Coinbase Asks Court to ‘Clear Away Cloud' Over Cryptocurrency Market

Coinbase reportedly asked the U.S. Court of Appeals to rule that the trading of crypto assets on its platform are not securities transactions, but asset sales.The company said this in a petition to the court that is part of an appeal tied to a Securities and Exchange Commission (SEC) lawsuit filed in 2023 that alleges Coinbase operated as an unregistered securities broker, Seeking Alpha reported Wednesday (Jan. 22).Coinbase said in its petition that trades on its platform are not securities transactions bec ...