š¦ Coinbase Wallet triumph over SEC allegations is a āgiant winā for DeFi
A U.S. judge has determined Coinbaseās self-custody crypto wallet doesnāt make it a broker, which lawyers say is a āsignificant setbackā for the SEC and a boon for DeFi.
U.S. District Judge Katherine Failla on March 27 denied Coinbaseās bid to dismiss a Securities and Exchange Commissionās lawsuit, finding the SEC āsufficiently pleadedā Coinbase was unlicensed and its crypto staking offering was unregistered securities.
Good for the crypto ecosystem š