Coinbase’s Fate Hangs in the Balance as Judge Prepares to Decide SEC Lawsuit
NEW YORK – The judge overseeing the Securities and Exchange Commission (SEC) lawsuit against cryptocurrency exchange Coinbase is expected to make a decision within the next three months, according to a Citigroup analyst. Judge Katherine Polk Failla heard arguments from both sides earlier this week but stated that she would not make an immediate ruling. The outcome of this case could have significant implications for Coinbase and its future operations. Citigroup analyst Peter Christiansen provided a legal analysis of the situation, acknowledging that the dispute is unlikely to be resolved quickly through motions alone. He … Read more