Decision Made: Coinbase Defeats SEC

Coinbase wins case against the Securities and Exchange Commission in the US Supreme Court. The decision is made; claims that were previously filed in federal court are being suspended now until the defendant files an appeal and sends the case to arbitration. This means that disputes will be resolved not through a long and difficult litigation but through arbitration where a third neutral party will make the final decision.

 Earlier the SEC suspected Coinbase that since 2019 the exchange has illegally earned “billions” on asset purchases and sales. In addition, the Commission accuses the company of ignoring the mandatory disclosure requirement, thereby depriving investors of the necessary protection that prevents fraud and manipulation.

 The main accusation is that Coinbase failed to register in accordance with the requirements of the SEC which deprived investors of access to important protective procedures. The company did not pass the SEC review, did not comply with record keeping requirements and did not provide conflict of interest protection.

 The case has moved on which means that Coinbase is strengthening its position as one of the leading players in the market and confirming its case.

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