Coinbase has filed documents with the US Securities and Exchange Commission (SEC) seeking to have an enforcement case against it dismissed. The company, a leading cryptocurrency exchange, claims that the SEC lacks jurisdiction over its business operations due to Section 230 of the Communications Decency Act. If successful, this could be a major blow to the SEC’s efforts to regulate the cryptocurrency industry.
Source: https://www.axios.com/pro/fintech-deals/2025/02/21/coinbase-sec-drop-enforcement