2nd Circuit Court affirms Coinbase's secondary cryptocurrency sales do not violate Securities Exchange Act.

In a significant legal victory, Coinbase prevailed in the US Court of Appeals Second Circuit, affirming that secondary cryptocurrency sales conducted by Coinbase do not violate the Securities Exchange Act. The ruling marked a significant milestone for Coinbase amid ongoing legal challenges in the crypto space. The core dispute centered on whether cryptocurrencies traded on Coinbase constituted securities under federal and state securities laws.

April 08, 2024
4 Articles