A United States district judge in New York has permitted the Securities and Exchange Commission to continue with its legal action against Coinbase Inc.
A federal judge in New York has ruled that the US Securities and Exchange Commission can proceed with its lawsuit against Coinbase Inc., the largest US cryptocurrency trading platform. The lawsuit alleges that Coinbase failed to register as a securities business.
SEC Vs Coinbase: The story began in January
In January, Coinbase and the SEC had oral arguments over the exchange’s dismissal motion, which claimed that the SEC has no authority over crypto exchanges unless Congress says so. Moreover, in the middle of March this year, a legal challenge asserted that the regulator had failed to regulate crypto correctly. However, it is not directly linked to Coinbase’s ongoing court battle with the SEC.
The Accusation By SEC
The Securities and Exchange Commission accused Coinbase of running an unregistered exchange that list
We współpracy z: https://www.thecoinrepublic.com/2024/03/28/sec-vs-coinbase-sec-partially-wins-the-case-against-coinbase/
