Coinbase Armed for Legal Clash Over How Crypto Is Regulated

5 min read 28 Apr 2023, 05:32 PM IST The Wall Street Journal

Facing possible SEC lawsuit, biggest U.S. exchange questions how regulators flex authority over digital-asset industry

FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration//File Photo (REUTERS)

Coinbase Global Inc. said Thursday 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.