Regulator Claims Coinbase Knew It Was Violating Law Before SEC Lawsuit

“Coinbase, a multibillion-dollar entity advised by sophisticated legal advisors, argues that it was unaware that its conduct risked violating federal securities laws, and suggests that By approving Coinbase’s registration statement in 2021, the SEC affirms the validity of Coinbase’s underlying business activities – at that time and forever,” the SEC said in its filing.