According to ChainCatcher, citing Blockworks, in the case against cryptocurrency exchange Coinbase by the U.S. Securities and Exchange Commission (SEC), Judge Katherine Polk Failla ruled that the SEC has “sufficiently demonstrated” that Coinbase operates as an exchange, clearinghouse, and broker in accordance with the law. She ordered the SEC and Coinbase to submit a case management plan to the court by April 19.
Previously, Coinbase Chief Legal Officer paulgrewal.eth posted on the X platform that the court had decided that Coinbase's case with the SEC would continue, but dismissed the claim against Coinbase Wallet. Coinbase is now prepared for this and looks forward to learning more about the SEC's internal views and discussions regarding cryptocurrency regulation.
