U.S. judge allows SEC to proceed with lawsuit against Coinbase, dismissing one claim regarding unregistered crypto trading.

A U.S. judge has allowed the Securities and Exchange Commission (SEC) to proceed with its lawsuit against Coinbase, dismissing only one of the agency's claims. The SEC sued Coinbase in June, alleging that the exchange enabled the trading of 13 crypto tokens that should have been registered as securities and that the company was illegally operating as a national securities exchange, broker, and clearing agency without registration. This marks a partial victory for Coinbase and represents a significant milestone in the regulator's efforts to enforce U.S. securities law on digital asset companies.

March 27, 2024
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