Will Coinbase Meet The Same Faith As XRP In Court Or Will SEC Lose?
On Wednesday, a US district judge gave a judgment that the Security and Exchange Commission (SEC) can continue with its legal battle against Coinbase.
Judge Katherine Failla denied Coinbase's move to dismiss the case, contending that the SEC has given adequate proof that the exchange might be abusing Security laws with its trading and staking products. This will offer the SEC the chance to demonstrate its case.
While the judge's decision clearly conflicts with Coinbase at this stage, the exchange has asserted that it had expected the ruling. Coinbase will challenge the lawsuit, with chief legal officer Paul Grewal expressing confidence in the organization's legal argument.
In the meantime, the crypto space has united behind Coinbase, with Edward Snowden driving the voices for a Co...