To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said in a Tuesday court filing.

The U.S. Securities and Exchange Commission (SEC) on Tuesday asked a federal judge to deny a motion from Coinbase Global to dismiss the regulator's lawsuit against the cryptocurrency exchange. The agency said Coinbase was wrong to rely on a recent court ruling that found cryptocurrency developer Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges,

The Securities and Exchange Commission filed a motion asking that a federal judge rebuff arguments from crypto exchange Coinbase. The debate hinges on how the judge might decide the proper way for interpreting the key precedent in securities law known as ...