Coinbase (COIN) seeks to take key questions in US SEC case to high court

Investment contracts are securities regulated by the SEC, so if a cryptocurrency transaction is eligible, it falls under that agency’s jurisdiction and must be properly registered under the law. Regulators have argued to lawmakers and courts that most digital assets are securities, but Coinbase and industry insiders argue that once an asset reaches the secondary market and is no longer tied to the company that issued it, tokens are more than that. . SEC’s legal scope. Answering this dispute will be fundamental to the US cryptocurrency sector.