• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Coinbase Scores Key Win in Legal Battle with SEC

user avatar

by Giorgi Kostiuk

3 months ago


A federal court in New York has ruled in favor of Coinbase, allowing the company to appeal the SEC lawsuit, resulting in a suspension of proceedings and raising questions about current securities laws' applicability to digital assets.

What's at Stake in the SEC's Allegations?

Coinbase has been accused by the SEC of operating without the necessary registration status, acting as an exchange, broker, and clearing house. The core of the case focuses on whether digital assets traded on Coinbase are classified as securities under the Howey Test, a legal measure for determining investment contracts. In March 2024, Judge Failla rejected part of Coinbase's motion for judgment and highlighted the need for clarity in crypto regulation.

Why This Legal Pause Matters

The appeal granted to Coinbase is uncommon, providing an opportunity to address serious legal questions before trial-level decisions. This stay allows the 2nd Circuit Court of Appeals to determine the applicability of securities laws to cryptocurrencies. The legal pause emphasizes the focus on the main legal issues associated with the case.

Possible Industry-wide Consequences

The implications of this case extend beyond Coinbase. A favorable ruling could redefine the treatment and regulation of digital assets, offering more clarity for industry participants. Conversely, an adverse ruling might embolden regulators to pursue enforcement against other platforms more aggressively. This case highlights the tension between innovative technologies and established regulatory systems.

The appellate court's decision could be pivotal for the cryptocurrency industry, setting a precedent for future regulatory actions. Investors and legal experts are closely monitoring the case due to its significant implications for the sector.

0

Share

Other news

Eric Trump on the Future of Cryptocurrencies and Their Role in Finance

Eric Trump highlighted the significance of cryptocurrencies in finance, sparking a wide-ranging industry response.

user avatarGiorgi Kostiuk

3 minutes ago

Crypto Community's April Fools’ 2025 Highlights: Greenland and SBF Jokes

Crypto enthusiasts celebrated April Fools’ with pranks of Greenland purchase rumors and Sam Bankman-Fried's supposed keynote.

user avatarGiorgi Kostiuk

4 minutes ago

Troller Cat: A New Chance After Missing Fartcoin

Explore the new crypto project Troller Cat after missing out on Fartcoin. Discover its potential for success.

user avatarGiorgi Kostiuk

4 minutes ago

Arctic Pablo Coin: A Meme Coin's Path to Success

Arctic Pablo Coin stands out with unique features and rising interest, poised to become a significant player in the meme coin arena.

user avatarGiorgi Kostiuk

14 minutes ago

The Future of Cardano, Dogecoin, and BlockDAG: Forecasts and Achievements

Price analysis for Cardano, Dogecoin formation, BlockDAG innovations: a brief overview for 2025 and beyond.

user avatarGiorgi Kostiuk

14 minutes ago

XRP's April Rally Chances Remain Slim

Polymarket bettors see only a 2% chance of XRP hitting a new high in April. The cryptocurrency remains under pressure.

user avatarGiorgi Kostiuk

25 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.