Typically, the SEC has a strong track record of winning its lawsuits, but it hasn't had much luck when it comes to crypto.

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Coinbase argues for motion to dismiss SEC's 'securities violation' allegations. The suit was filed in June 2023, and Coinbase is requesting its dismissal. The SEC claims that certain cryptocurrencies available for trading on Coinbase are securities. Coinbase argues that cryptocurrencies are not under the jurisdiction of the SEC like shares in companies are. The judge questioned the SEC's definition of crypto assets as investment contracts.

Coinbase argues for motion to dismiss SEC’s ‘securities violation’ allegations