Fintech Nexus Publication (January 18, 2024): Choose seems to query SEC arguments of their case towards Coinbase

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The SEC has not had an amazing observe file in court docket circumstances towards crypto corporations in the previous few months. And one other necessary case is enjoying out proper now in a New York federal courtroom.

Again in June of final yr the SEC sued Coinbase arguing that it was working illegally and that it ought to register as an alternate and be overseen by the SEC.

In feedback yesterday, the presiding Federal decide within the case questioned the SEC that their argument is just too broad and would sweep in collectibles and commodities as having to deal with them as securities.

This will get to the guts of the authorized disputes over whether or not or not cryptocurrencies are securities. Coinbase argues most are commodities, the SEC argues most are securities. 

With none motion from Congress (unlikely in an election yr) the result of this case will largely decide the authorized standing for cryptocurrencies within the brief and medium time period.


Coinbase Asks Choose to Deny SEC’s Declare to Regulate Crypto

www.wsj.com 

The crypto alternate is in search of the dismissal of a lawsuit on the heart of the company’s oversight technique.


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  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm centered on fintech. Peter has been writing about fintech since 2010 and he’s the writer and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview sequence.



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