Coinbase Poised to Make Final Court Pitch in Bid to Kill SEC Accusations Quickly

In Coinbase’s last word on its motion to get the accusations tossed before trial, a person familiar with the plan said the company will double down on familiar arguments: The SEC hasn’t demonstrated the transactions were investments contracts (and thus, securities), because it hasn’t shown any actual contracts existed, and the SEC is violating the “major questions doctrine” that basically holds that federal agencies have no business regulating novel areas that are awaiting congressional action.