đŠ Coinbase Wallet triumph over SEC allegations is a âgiant winâ for DeFi
A U.S. judge has determined Coinbaseâs self-custody crypto wallet doesnât make it a broker, which lawyers say is a âsignificant setbackâ for the SEC and a boon for DeFi.
U.S. District Judge Katherine Failla on March 27 denied Coinbaseâs bid to dismiss a Securities and Exchange Commissionâs lawsuit, finding the SEC âsufficiently pleadedâ Coinbase was unlicensed and its crypto staking offering was unregistered securities.
Good for the crypto ecosystem đ