After a months-long back-and-forth, Coinbase is taking one final shot at dismissing a lawsuit from the US Securities and Exchange Commission.
The US crypto exchange will issue its final plea on Tuesday to a federal judge to dismiss the lawsuit, which was filed in June.
According to a person familiar with the matter, Coinbase’s reply brief will focus on the exchange’s case — that the SEC is violating the major questions doctrine, which prevents agencies from engaging in issues Congress has not yet ruled on.
Judge Katherine Polk Failla could rule immediately and dismiss the case on Tuesday. A more likely outcome: opt to bring both parties in to present oral arguments. From…
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