In Coinbase’s final phrase on its movement to get the accusations tossed earlier than trial, an individual conversant in the plan mentioned the corporate will double down on acquainted arguments: The SEC hasn’t demonstrated the transactions have been investments contracts (and thus, securities), as a result of it hasn’t proven any precise contracts existed, and the SEC is violating the “main questions doctrine” that principally holds that federal businesses haven’t any enterprise regulating novel areas which might be awaiting congressional motion.
