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Leo Schwartz

Coinbase is playing a ‘dangerous game’ against the SEC with its stablecoin USDC

Coinbase USDC SEC United States Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Todd Phillips Crypto OF Howey

(Credit: David Paul Morris—Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.

In a year shaped by court cases, 2023 had one last surprise up its sleeve. On Dec. 28, with dreams of a Bitcoin ETF lulling the crypto industry to 2024, Judge Rakoff of the Southern District of New York issued a summary judgment against Do Kwon and his failed Terraform Labs.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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