As a researcher, I’m excited to report that in my ongoing legal tussle with the U.S. Securities and Exchange Commission (SEC), Coinbase Global Inc has secured another significant victory. In a recent development communicated by our General Counsel, Paul Grewal, Judge Catherine Polk Failla has approved our application for an interlocutory appeal. This dispute revolves around the allegations made by the SEC that Coinbase enabled the trading of securities tied to cryptocurrencies.
The Coinbase Victory Against US SEC At a Glance
As per Judge Failla’s ruling, Coinbase’s appeal for an interlocutory review has been accepted. This decision signifies a significant shift, as it contradicts a previous dismissal of Coinbase’s claim that the assets on its platform are not considered investment contracts.
In accordance with this sequence, the case has advanced to the Second Circuit Court of Appeals, with hearings scheduled for January. Simultaneously, the exchange secured another significant victory against the U.S Federal Deposit Insurance Corporation (FDIC) not long ago. The FDIC’s lawsuit is predicated on a request for documents, which they are seeking under the Freedom of Information Act (FOIA).
After the recent findings, it’s apparent that there is evidence suggesting the FDIC attempted to halt Bitcoin transactions within the U.S.
This is a developing stor, please check back for updates!!!
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2025-01-07 22:11