SEC v. Coinbase: “On to the Second Circuit We Go”

The see-saw court battle over whether Coinbase is an unregistered securities exchange/broker-dealer/clearing agency has flipped, this time with the SEC dropping low. On January 7, 2025, the U.S. District Court for the Southern District of New York (“SDNY”) granted Coinbase the rare right to argue, before trial, in front of the U.S. District Court of Appeals for the Second Circuit (“Second Circuit”) that the SEC’s case should be dismissed....
By: Seward & Kissel LLP

Seward & Kissel LLP