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Crypto Regulation: SEC’s Legal Challenge Against Coinbase Proceeds, Federal Judge Decides
In a (sort of) pivotal development for the crypto industry, a federal judge in Manhattan has ruled that the lawsuit brought by the U.S. SEC against U.S. crypto exchange Coinbase will proceed, albeit with one of the SEC's claims being dismissed. The decision underscores the legal complexities surrounding the regulation of digital assets and marks a significant moment in the SEC's ongoing efforts to enforce securities laws within the crypto sector.