The ruling in favor of the SEC comes as Coinbase has become a go-to partner for big Wall Street assert managers looking to offer cryptocurrency trading options.
A judge ruled that the SEC's claim that the cryptocurrency exchange engaged in unregistered sales of securities could be heard by a jury at trial.that its claim that the cryptocurrency exchange engaged in unregistered sales of securities could be heard by a jury at trial.
"The Court finds that the SEC adequately alleges that Coinbase, through its Staking Program, engaged in the unregistered offer and sale of securities," Failla wrote. "We were prepared for this, and we look forward to uncovering more about the SEC's internal views and discussions on crypto regulation," Grewal wrote.
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