THE SEC CAN SUE COINBASE FOR OFFERING UNREGISTERED SECURITIES, JUDGE RULES

Summary from the TLDR Crypto newsletter

A US District Judge has ruled that the SEC’s securities lawsuit against Coinbase can proceed, despite the firm’s attempt at getting a dismissal. This decision implies that cryptocurrency transactions could fall under the SEC's jurisdiction, despite Coinbase's objections. The judge dismissed claims against Coinbase's Wallet product, stating the SEC has failed to prove that it acts as a 'broker'.