The post Coinbase CEO Celebrates Court Dismissal of SEC Claim Against Wallet Service appeared first on Coinpedia Fintech News
In recent legal filings, Judge Katherine Polk Failla rejected Coinbase’s request to dismiss the case but dismissed the SEC’s claim that Coinbase acted as an unregistered broker. This decision means the lawsuit will proceed to trial, marking significant progress for Coinbase in its legal battle with the SEC.
Coinbase CEO Cheers as SEC Claim Gets Tossed
In response to Paul Grewal’s X post, the CEO of Coinbase sees this ruling as a “huge win” for self-custodial wallets and the blockchain ecosystem as a whole. It underscores the importance of obtaining regulatory clarity in the digital asset space, a goal that Coinbase has actively pursued throughout the legal proceedings. Many crypto experts have appreciated the court’s ruling and see this as a great win for crypto.
The decision also highlights the need for updated regulations that suppor
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