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Judge denied most of Coinbase’s motion for summary judgment in SEC case
BREAKING: Judge denied most of Coinbase’s motion for summary judgment in SEC case
— Blockworks (@Blockworks_) March 27, 2024
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The Court further findsthat the SEC has sufficiently pleaded control person liability for CGl under theExchange Act. The Court GRANTS Defendants' motion, however, with respectto the SEC's claims regarding Wallet.
— Wu Blockchain (@WuBlockchain) March 27, 2024
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Coinbase must face US securities regulator's lawsuit
A federal judge in Manhattan on Wednesday said the U.S. securities regulator's lawsuit against Coinbase can move forward, but dismissed one claim the agency made against the largest U.S. cryptocurrency exchange. The decision partly granted Coinbase's motion to dismiss the Securities and Exchange Commission's lawsuit alleging the company is flouting its rules. The SEC and Coinbase did not immediately respond to a request for comment. It is a partial win for Coinbase in what could be a lengthy and expensive court battle. The SEC sued Coinbase in June, saying the firm facilitated trading of at least 13 crypto tokens ... (full story)