**SEC Opposes Coinbase's Motion to Dismiss Lawsuit** ⚖️🏦

The U.S. Securities and Exchange Commission (SEC) has submitted a dissenting opinion to the court, urging the dismissal of Coinbase's motion to dismiss the lawsuit. Last June, the SEC charged Coinbase with operating an unregistered exchange, and in August, Coinbase filed a motion seeking the lawsuit's dismissal. According to CoinDesk, the SEC stated that the case centers on whether Coinbase facilitated investment contract transactions and whether its customers are entitled to the protections provided by federal securities laws. The SEC emphasized that Coinbase is attempting to shift blame onto the SEC to avoid addressing these fundamental questions.

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