District Judge Katherine Polk Failla heard arguments from attorneys for the SEC and Coinbase for five hours on Jan. 17. Cointelegraph has a rundown of the hottest topics.
United States District Judge Katherine Polk Failla has heard arguments from the Securities and Exchange Commission (SEC) and Coinbase on the crypto exchange’s motion for dismissal of a lawsuit filed by the regulator in June 2022.
The hearing was held for nearly five hours and provided an extensive overview of the key arguments in courts regarding the crypto space, assets and the SEC’s role in regulating the industry.
During the hearing, Judge Failla critically examined the regulator’s case against the crypto exchange, asking the SEC attorneys to explain why a digital token issuance would meet the Howey test, arguing the case was “too broad.”
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Source: https://cointelegraph.com/news/coinbase-hearing-sec-arguments-highlight-court-lawsuit