Judge rules SEC can proceed with case against Coinbase
Judge rules SEC vs. Coinbase case to proceed. US District Judge Kathrine Failla however granted Coinbase’s motion on its wallet. A federal judge has ruled that the US Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase will move forward. US District Judge Kathrine Failla gave the ruling on Wednesday, with the court’s order denying Coinbase’s motion to dismiss the case. Judge denies Coinbase motion The SEC sued Coinbase in June 2023, alleging that the US-based company operated an unregistered crypto exchange and offered unregistered SEC urities. Judge Failla allowed the SEC’s case noting that the regulator had “sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.” The court however, granted Coinbase ’s motion to dis...
