Coinbase’s one-third revenue ‘at stake’ as SEC battle faces dismissal challenges
Experts doubt a quick end to Coinbase’s battle against the SEC, citing the challenge of proving listed tokens are not securities. The American cryptocurrency exchange Coinbase is unlikely to overcome its legal challenge s with the U.S. Securities and Exchange Commission (SEC) soon, as the Wall Street Journal reports that the exchange’s request for dismissal , scheduled for Jan. 17, is considered a long shot by legal and financial insiders. Lisa Bragança, a lawyer and former SEC enforcement branch chief, stated that the case is unlikely to be dismissed, as proving that the listed assets on Coinbase’s platform are not securities would be a significant challenge for the crypto exchange. “Coinbase is saying that the types of coins it lists on its platform are not securities, and that is going to be very hard for them to prove.” Lisa Bragança You might also like: Crypto exchange Coinbase to reorganize priorities in 2024 to work ‘more efficiently...