U.S. SEC Files Opposition To Coinbase Motion To Dismiss Regulator's Lawsuit
Portfolio Pulse from Benzinga Newsdesk
The U.S. Securities and Exchange Commission (SEC) has filed an opposition to Coinbase's motion to dismiss the regulator's lawsuit against the company, according to a court filing.
October 03, 2023 | 10:03 pm
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The SEC's opposition to Coinbase's motion to dismiss the lawsuit could potentially lead to negative consequences for the company, including financial penalties and reputational damage.
The SEC's opposition indicates that the regulator is determined to pursue its lawsuit against Coinbase. If the court rules in favor of the SEC, Coinbase could face financial penalties, which would negatively impact its financial performance. Additionally, the ongoing legal battle could harm the company's reputation, potentially affecting its customer base and stock price.
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