The analyst claims that there is a 70% chance that Coinbase will win the case against the SEC

The analyst claims that there is a 70% chance that Coinbase will win the case against the SEC

user avatar

by Max Nevskyi

3 years ago

A Bloomberg expert believes that Coinbase, a major cryptocurrency exchange, has a high chance of successfully resolving its legal dispute with the U.S. Securities and Exchange Commission (SEC).

On January 17, 2024, the first hearing took place in the civil lawsuit filed by the SEC against the crypto company Coinbase. The regulator accuses Coinbase of unlawful brokerage, dealer, and clearing activities.

Representatives of the exchange claim that their tokens are not securities or investment contracts. Furthermore, they stated that the SEC has not provided any evidence in support of its allegations.

Senior legal analyst Elliot Stein was present at the court hearing, and after hearing arguments from both sides, he concluded that Coinbase has a 70% chance of winning this case.

This outcome was unexpected, as many initially expected a similar legal battle as in the case of Ripple and the SEC. However, the analyst concluded that the most likely scenario in this case is the rejection of the SEC's claims. Stein believes that the company's arguments have substantial legal basis, and the court is likely to not support the SEC's arguments.

Earlier, several experts discussed four possible scenarios for the Coinbase case and expressed doubts about its swift resolution.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Electrum Wallet Faces Security Threat from Fake Pending Payments

Electrum, one of Bitcoin's oldest software wallets, has published a security advisory detailing a vulnerability that has been exploited by attackers, allowing fake pending payments to be displayed in the wallet.

user avatarMaya Lundqvist

Upcoming Economic Announcements Expected to Influence Markets

Key economic announcements are scheduled for the upcoming week, which may impact financial markets.

user avatarLeo van der Veen

US Evacuates Personnel Amid Rising Tensions in the Middle East

The US is rapidly evacuating personnel from embassies and military bases in the Middle East due to increased threats from Iran.

user avatarLi Weicheng

Strategys Share Repurchases Reach $385.5 Million

Strategy has repurchased approximately $385.5 million of its preferred stock, focusing on STRC shares during the period from October 5 to 18, 2026.

user avatarTenzin Dorje

Shareholders to Vote on Daily Dividend Payments

Strategy is seeking shareholder approval to make dividend payments on its four preferred securities more frequent, proposing that every calendar day would become a record date.

user avatarBayarjavkhlan Ganbaatar

Strategys Common Shares Outperform Preferred Securities

Strategy's common shares returned 774 between June 26 and October 23, 2026, outperforming four of the company's preferred securities.

user avatarAisha Farooq

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.