Judge Dismisses SEC Claim That Coinbase Acted As Unregistered Broker Via Wallet Application
Portfolio Pulse from Benzinga Newsdesk
A judge has dismissed the SEC's claim that Coinbase operated as an unregistered broker through its wallet application, according to a Reuters report citing the ruling.
March 27, 2024 | 1:50 pm
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POSITIVE IMPACT
The dismissal of the SEC's claim against Coinbase for operating as an unregistered broker is a significant legal victory for the company.
The dismissal of the SEC's claim is a major legal win for Coinbase, likely improving investor sentiment and potentially boosting COIN's stock price in the short term. This ruling may reduce regulatory uncertainty for Coinbase, making it more attractive to investors.
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