Coinbase Says The Sec Has No Authority To Pursue Its Lawsuit Because None Of The Transactions And Services It Complained About Are Securities Under Federal Law
Portfolio Pulse from Happy Mohamed
Coinbase has argued that the SEC has no authority to pursue its lawsuit against the company because none of the transactions and services it complained about are securities under federal law.
August 04, 2023 | 3:23 pm
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POSITIVE IMPACT
Coinbase's challenge to the SEC lawsuit could potentially alleviate regulatory pressures, which may have a positive impact on its stock in the short term.
Coinbase's challenge to the SEC lawsuit is a significant development. If the company's argument is accepted, it could potentially alleviate some of the regulatory pressures it is currently facing. This could have a positive impact on investor sentiment and, consequently, its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100