Next, I will talk to you about the news event that the SEC has filed a lawsuit against the SEC and the FDIC.
Coinbase recently filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), primarily alleging that the two agencies violated the Freedom of Information Act (FOIA).
Coinbase pointed out that the SEC accused it of trading unregistered securities, but during the legal proceedings, the SEC refused to provide the source of its information, which violated US law. At the same time, Coinbase also filed a lawsuit against the FDIC because the FDIC sent letters to other financial companies prohibiting them from engaging in any cryptocurrency-related business, but the FDIC did not provide sufficient evidence to prove the rationality of its actions.
Given that the lawsuit between Coinbase and the SEC is currently ongoing, and Coinbase has countersued the SEC and the FDIC during the lawsuit, Coinbase is now embroiled in lawsuits. The outcome of this lawsuit will determine whether many projects of the Coinbase exchange, such as Polygon, Solana, Cardano, etc., are considered securities.
If Coinbase wins its lawsuit against the SEC, it is expected that the ruling will immediately trigger great interest in the relevant tokens, leading to another round of sharp increases in their prices. This can be traced back to when the SEC initially accused Coinbase of trading these tokens as unregistered securities, and the market reaction was very violent at that time, and the price of the relevant currencies fell by more than 30% in one day.
Therefore, the final outcome of this lawsuit is highly anticipated. If Coinbase wins the case, it will not only clear its name, but may also trigger a crazy rise in the altcoin market and usher in a new era of prosperity in the cryptocurrency field.
On the other hand, Coinbase recently sponsored viewing events for the WNBA Finals, which were held in several major cities in the United States, such as Portland, New York City, and Seattle. Coinbase rented some club-like bars and other places for female audiences to watch the WNBA championship. This shows Coinbase's partnership with the NBA and WNBA, and the multiple events and events they participate in together.
Meanwhile, Kate Rouch, Coinbase's chief marketing officer, stressed the importance of women's participation in the cryptocurrency and financial system, noting that this is key to driving the industry forward. In order to promote gender diversity and inclusion, Coinbase has partnered with the WNBA to host a special event aimed at supporting female athletes and entrepreneurs. Rouch also said that Coinbase is honored to be involved and believes that this will have a positive impact on the global adoption of cryptocurrency. #Coinbase #WNBA #SEC #FDIC
It should be mentioned that although male followers account for the majority in the cryptocurrency investment market, according to relevant data, women's interest in cryptocurrency has been growing in the past one to two years, which will also be considered a positive change in the development of the cryptocurrency market.
