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Coinbase SEC Case: Bloomberg Analyst Sees 70% Chance of Dismissal! Bloomberg analyst Elliott Stein has said that Coinbase has a 70% chance of being completely dismissed in its SEC case. Stein, who has expressed doubts ahead of trial, said he believes Coinbase could successfully challenge certain SEC allegations, but that the odds of a full dismissal are high after the trial.
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The SEC’s allegations against Coinbase include that it allows customers to earn rewards by staking their assets and that it offers and sells investment contracts. Stein highlighted that Coinbase has offered the SEC a more precise definition of an “investment contract,” which he said is a significant turning point.
The outcome of the case remains a major source of uncertainty for the crypto community and industry. Coinbase’s SEC case could have implications for the regulatory framework of crypto exchanges, and the court’s decision could be a major factor in shaping the industry.