Coinbase Secures Major Legal Victory as SEC Lawsuit Faces Court Delay
Coinbase scored a significant legal victory in its case against the SEC. On January 7, a New York federal court ruled in favor of Coinbase, allowing it to seek an appellate review on whether crypto assets should be classified as securities.
This decision pauses the ongoing proceedings until the U.S. Court of Appeals for the Second Circuit decides whether to hear the appeal. The SEC had accused Coinbase of operating as an unregistered securities exchange, but Coinbase is pushing for clarity on the application of securities laws to digital assets. The case’s outcome could have major implications for the crypto industry.
Clever Robot News Desk 10th January 2025