Decision in SEC vs. Coinbase Case
A decision has been made in the SEC case against Coinbase, triggering a reaction in Bitcoin.
Today, the judge issued their decision in the case involving the Securities and Exchange Commission (SEC) and the cryptocurrency exchange Coinbase.
The court dismissed the SEC's claim that Coinbase's wallet is an unregistered broker, which was the main allegation in this case.
At the same time, the judge found that Coinbase's Staking Program likely constitutes an investment contract, meaning it may be considered as offering unregistered securities.
This is an issue that the SEC sought to clarify. Nevertheless, the court sided with Coinbase regarding the SEC's claims about the wallet, which is another significant aspect of this decision. Additionally, the judge rejected Coinbase's motion to dismiss the case, indicating that the case will proceed.
This decision may have a significant impact on the cryptocurrency market and on investors who are closely following this case. The further course of the case is expected to be monitored by the entire cryptocurrency community.
