Coinbase Warns SEC of Plans to ‘Exhaust All Avenues’ If Sued (1)

Coinbase Global Inc. is making a last-ditch effort to dissuade the SEC from suing the firm, including sending a not-so-subtle reminder that it won’t be easy to take down.

In a lengthy response to the Securities and Exchange Commission’s March Wells notice — which signaled the agency’s plans to bring an enforcement action — the company said that it would be “a well-resourced adversary that will necessarily be motivated to exhaust all avenues.”

Still, the company would like to avoid the lawsuit altogether, according to Chief Legal Officer Paul Grewal. “We didn’t pick this fight,” he said in an ...