Coinbase Criticizes the SEC’s Jurisdiction Over Cryptocurrency Cybersecurity!

The post Coinbase Criticizes the SEC’s Jurisdiction Over Cryptocurrency Cybersecurity! appeared first on Coinpedia Fintech News

Coinbase has hit back at the Securities and Exchange Commission (SEC) once again, arguing that the regulator’s allegations exceed its jurisdiction. In a recent blog post, Coinbase said that the SEC considers any purchase where the buyer expects increased value to be an investment contract and therefore falls under securities laws. Coinbase believes this interpretation is too broad and needs to be backed by authorization from Congress. The SEC recently threatened to sue Coinbase if it launched its Lend program, which would have allowed investors to earn interest on certain digital assets. Coinbase said it had no choice but to shelve the product.