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CoinGape

Coinbase demands CFTC docs to bolster defense in SEC’s securities lawsuit over 12 crypto tokens

CoinGape
Summary
Nutrition label

65% Informative

Bitcoin exchange has filed a motion to compel the U.S. Commodity Futures Trading Commission ( CFTC ) to produce communications with issuers of 12 tokens named in a related lawsuit brought by the Securities and Exchange Commission ( SEC ) The SEC has accused the exchange of listing these tokens without meeting the necessary requirements to be a securities exchange.

According to the exchanges CLO Paul Grewal , these documents may be relevant to deciding whether the assets are investment contracts.

VR Score

53

Informative language

49

Neutral language

37

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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