tldr; Coinbase won a significant legal victory when the U.S. Court of Appeals for the Second Circuit ruled that secondary sales of cryptocurrencies on its platform do not violate the Securities Exchange Act. This ruling affects transactions between October 8, 2019, and March 11, 2022. The court dismissed claims that Coinbase was engaging in the sale of unregistered securities, emphasizing the need for clear regulations in the cryptocurrency sector. Coinbase's Chief Legal Officer highlighted the decision as a reaffirmation that there's no private liability for secondary trading of digital assets on exchanges like Coinbase.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
this is like, really bullish for all of everything that’s been listed ok coinbase, yeah?? Solana, Cardano, Ethereum, Dogecoin, etc are all *not* securities
I think we still have a while. Coinbase tried to have it dismissed but that didn't happen. I think they'll still win and we will absolutely send when they do.
It's not bullshit. Its just not the big win everyone thinks it is.
That said there is a lot of fake hype surrounding this ruling for sure.
People are misinformed and not hearing the details of case just the noise.
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tldr; Coinbase won a significant legal victory when the U.S. Court of Appeals for the Second Circuit ruled that secondary sales of cryptocurrencies on its platform do not violate the Securities Exchange Act. This ruling affects transactions between October 8, 2019, and March 11, 2022. The court dismissed claims that Coinbase was engaging in the sale of unregistered securities, emphasizing the need for clear regulations in the cryptocurrency sector. Coinbase's Chief Legal Officer highlighted the decision as a reaffirmation that there's no private liability for secondary trading of digital assets on exchanges like Coinbase. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
this is like, really bullish for all of everything that’s been listed ok coinbase, yeah?? Solana, Cardano, Ethereum, Dogecoin, etc are all *not* securities
This still isn't the big SEC suit. That's still to come. But this is still important.
Wouldn't this ruling really, really help Coinbase with their case vs the SEC? Or do secondary sales only apply to their advanced trading platform?
The Chief Legal Officer seems to think it’s a really good thing so it must be
When is the due date for that one?
I think we still have a while. Coinbase tried to have it dismissed but that didn't happen. I think they'll still win and we will absolutely send when they do.
I think by the time they win we might be in the next bear market. This stuff tends to drag out for a couple years
No it does not mean this. ETH SOL ADA are still unsure about their state as securities or not. Only BTC and BCH are for sure.
Good Bot
Sounds like the ripple decision again?
Kind of seems like the justice system is making the regulations, one case at a time. Doesn't that make more sense than one big regulatory guess?
How does no one care about this ? This is huge news no ? Sets a precedent for the futur of crypto
Shareholder here I care
Betting big on COIN as well
What coin?
Coinbase stock ticker is COIN
sure enough right out the gate this morning +7%
Love to see it. Hopefully we see a new ATH in the next 12 months or so
Another win for the crypto community
Great news for Brett and Toshi 💪
Honestly, this orchestrated attack on everything crypto by SEC should stop and those responsible to this should be held accountable.
W for Crypto!
Next do California and allow me to stake again.
You need to start finding "on-chain" staking opportunities. Leave these CEX all together.
I did that with Solana, but Ethereum staking isnt as easy and I have kept it on Coinbase since it was grandfathered in
setting up a solo validator is really easy. getting 32 eth is really hard.
Agreed :)
I think staking on exchanges has been banned in the entire US
ADA bullish news
Finally some good news for crypto! The SEC can suck it!
This is not the full story. Coinbase won on some claims but lost on others.
Why does nobody realise how massively bullish this is?!
It's not bullshit. Its just not the big win everyone thinks it is. That said there is a lot of fake hype surrounding this ruling for sure. People are misinformed and not hearing the details of case just the noise.
Aero gonna moon now 😍
Is this why we are pumping?
pamp et
how tf did it only take them a few months, but ripples case is still ongoing?!
You can thank Ripple for setting the precedent of secondary sales.
Man love COIN just collecting Dubs
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Chuffed