Whistleblower and BTC/USD bitcoin supporter Edward Snowden is not concerned about the latest court battle between the U.S. Securities and Exchange Commission and Coinbase Global Inc. COIN.
WHAT HAPPENED: Snowden's comments were in response to a tweet about a court ruling allowing the U. S. Securities and Exchange Commission to continue its case against #Coinbase . The former National Security Agency (NSA) employee tweeted, "I don't care about these things, if the #SEC continues to behave in this dishonest manner they will lose big in court and no one will ever be able to pursue this case again.
The post on X (formerly Twitter) also brings to mind a past incident where SEC Chairman Gary Gensler had to approve a #bitcoin #ETF after losing in court.
Remember when the SEC took a serious hit and Gensler had to approve a #BTC ETF with tears in his eyes?
Why it matters: the SEC filed a lawsuit against Coinbase in June 2023, alleging that the exchange was operating as an unregistered securities dealer. The court recently denied Coinbase's motion to dismiss the SEC's complaint.
Snowden, a prominent bitcoin supporter, has previously called bitcoin the most important monetary development since its invention. He also predicted that this year it would come to light that some governments were buying bitcoins without disclosing the facts.
Price Dynamics: coinbase shares ended the regular session 3.79% lower at $256.70. They were up nearly 0.9% in over-the-counter trading. Bitcoin was trading 1.12% lower at $BTC Benzinga Neuro's GPT-4-based content generation system leverages Benzinga's extensive ecosystem, including proprietary data and APIs, to create complete and timely stories. Read more.
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