On January 8th, COINOTAG News reported a pivotal **legal development** for Coinbase. The U.S. Judge Failla has officially granted Coinbase’s motion for an **interlocutory appeal**, effectively pausing the district court proceedings. This ruling allows Coinbase to take its case to the **Second Circuit Court of Appeals** concerning the allegations made by the SEC. The **Securities and Exchange Commission** previously accused Coinbase of breaching federal **securities laws** by functioning as an unregistered exchange and broker-dealer. Additionally, the SEC claimed that the company was unlawfully marketing unregistered securities through its lending service. This recent judicial decision marks a critical moment for Coinbase, providing an opportunity to contest the government’s assertions and potentially shape the future landscape of **cryptocurrency regulation** in the United States.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024