Recently, the US District Judge rejected Coinbase’s motion to dismiss, thereby allowing the SEC to proceed with its lawsuit. The lawsuit alleges that Coinbase’s Staking Program operates without the necessary registration.
While the court partially favored Coinbase regarding the SEC’s allegations concerning its Wallet, this ruling is significant amidst increasing scrutiny of the cryptocurrency industry.
There’s a pressing demand for clear regulations.
Market experts argue that this case could shape future regulatory frameworks for cryptocurrency exchanges. For instance, Adam Cochran, an experienced marketing executive, views this ruling as a victory for the crypto market, particularly the DeFi sector.
Despite the mounting tension in the market, these experts are now backing Bitgert Coin (BRISE), predicting it will reach the $0.00001 mark within a few months.
Why Experts Are Backing Bitgert Coin
Bitgert relies on a PoA consensus mechanism; unlike the conventional
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