PANews reported on October 3rd that according to Cointelegraph, Coinbase has requested the federal court to force the Commodity Futures Trading Commission (CFTC) to hand over all its communications with several crypto token issuers to help it defend against the Securities and Exchange Commission's lawsuit. According to the mandatory motion on October 1, Coinbase wants the CFTC to provide communications with 12 cryptocurrency issuers, which the SEC alleges are unregistered securities sold by Coinbase. It also requested documents on the two regulators' "respective regulatory scope for digital assets, including market uncertainty on the topic." Coinbase claims that this information is "critical to Coinbase's ability to defend against the allegations in the SEC action" because it can review whether the 12 cryptocurrencies that are alleged to be securities meet the definition.
