SEC wins major victory in Coinbase legal battle
U.S. Securities and Exchange Commission (SEC) has won an early victory in the legal saga involving Coinbase. U.S. District Judge Katherine Polk Failla wrote that “the Court finds the SEC has sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.” Coinbase going to courtThe decision by Judge Polk Falla means that the case will now go to trial, which Coinbase would have hoped to avoid. Coinbase’s Chief Legal Officer Paul Grewal ...