Coinbase's partial win in SEC case
Coinbase's partial win in SEC case
FTC Reports 1,000% Increase In Bitcoin ATM Scams, VanEck to Close Ethereum Futures ETF
Coinbase has secured a partial victory against the SEC in federal court, with the court ordering the SEC to produce documents related to the classification of cryptocurrencies.
Judge K. Failla in part granted and in part denied Coinbase's motion to compel discovery from the SEC n a September 5 filing (CoinTelegraph).
The case with Coinbase pursuing the crypto classification documents has been open since July, and follows the SEC's enforcement action in June of last year where Coinbase was accused of operating as an unregistered securities exchange.
However, on the same day, a New Jersey judge ruled that some investors could file a class-action suit against Coinbase, which could open up opportunities for parties in other jurisdictions to sue.
Coinbase is to get access to the SEC documents on crypto classification, which could potentially bring more clarity about the agency's past treatment of crypto and the overall regulatory landscape.
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