SAN FRANCISCO - Coinbase (NASDAQ:COIN), a leading cryptocurrency exchange, is preparing for a critical legal showdown with the U.S. Securities and Exchange Commission (SEC) set for Wednesday, January 17, 2024. The impending decision hearing stems from a lawsuit initiated in June 2023, in which the SEC accuses Coinbase of failing to register properly and designating several of its listed digital assets as securities.
The legal dispute highlights the ongoing tension between regulators and the crypto industry over the classification of digital assets and the appropriate regulatory framework. Coinbase has countered the SEC's allegations, pushing for clearer regulatory guidelines to navigate the complex and evolving digital currency landscape.
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