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International Business Times
International Business Times
Business
Nica Osorio

Coinbase Poised For Legal Victory In SEC Clash With 70% Odds: Legal Analyst

Coinbase SEC COIN Bitcoin Howey Lawsuit

KEY POINTS

  • The legal saga began in June 2023 when the SEC initiated a lawsuit against Coinbase
  • This legal action has since been closely watched within the cryptocurrency industry and the broader financial sector
  • Coinbase is the custodian of 10 in 13 spot Bitcoin ETFs

Coinbase, a global cryptocurrency exchange platform renowned for its substantial trading volume, seems poised for a notable victory in its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), with an analyst projecting a 70% likelihood of the exchange achieving a complete dismissal of the lawsuit.

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