Coinbase’s legal battle takes center stage in crypto chaos
Amid recent geopolitical events impacting investor decisions, a regulatory clash in the U.S. involving crypto exchange Coinbase and the Securities and Exchange Commission (SEC) resurfaces. Since June, Coinbase has been entangled in a legal battle with the SEC over allegations of operating as an unregistered exchange. While there are other ongoing lawsuits in the crypto industry, the Coinbase case has garnered the most attention, indicating how digital assets might be treated under US law in the future. Legal experts and authorities, including the North American Securities Administrators Association (NASAA), have echoed the SEC’s perspective, emphasizing that crypto currencies should adhere to traditional rules despite being a new asset class. Coinbase, on the other hand, argues for the uniqueness of crypto currencies and the need for a fresh regulatory approach. You might also like: Coinbase’s tax chief urges IRS to reevaluate crypto tax regulations Coinbase’...