🚨 #SEC vs. #Coinbase Showdown 🚨
🔰 The Case:
SEC's Claim: Coinbase facilitated trading in unregistered securities.
June Drama: Lawsuit filed against Coinbase by the SEC
🔰 Courtroom Highlights:
Unregistered Broker Accusation:
SEC Victory: Judge rules in favor of proceeding with the case against Coinbase as an unregistered broker.
Wallet Dispute:Coinbase Triumph: Court sides with Coinbase, stating it's not acting as a broker in wallet services.
Outcome: A split decision. Both SEC and Coinbase notch wins in their belts.
🔰 #Crypto Market Reaction:
Surge in Optimism: Despite legal battles, #ETF inflows are on the rise, with Coinbase playing a pivotal role as custodian for major Bitcoin ETFs.
Big Picture: The presence of financial titans like #BlackRock suggests the SEC's journey might face significant hurdles.
Join TG for Detailed Analysis:
March 27, 2024 at 2:39 PM