Coinbase Global Inc (NASDAQ:COIN) is set to contest the U.S. Securities and Exchange Commission’s (SEC) classification of tokens traded on its platform as securities. What Happened: Coinbase, the world’s largest publicly traded cryptocurrency exchange, is scheduled to present its case in a federal court on Wednesday, as reported by Reuters on Wednesday. The exchange will argue that the tokens it facilitates trading for are not securities and, therefore, should not be under the SEC’s jurisdiction. The SEC filed a lawsuit against Coinbase in June, alleging that the exchange was illegally operati…

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