Coinbase loses major part of motion to dismiss SEC lawsuit
A federal judge allows most of the SEC's case against Coinbase to proceed while dismissing the wallet-as-broker claim.
On March 27, 2024, Coinbase loses major part of motion to dismiss SEC lawsuit. A federal judge allows most of the SEC's case against Coinbase to proceed while dismissing the wallet-as-broker claim.
The ruling allowed significant portions of the SEC's case against Coinbase to continue. For Bitcoin history, the value is comparative: Bitcoin was increasingly treated as a commodity-like asset with approved spot products while litigation focused heavily on whether other tokens and exchange services implicated securities law.
The event provides a distinct historical marker within Bitcoin's 2024 institutional, technical, legal or cultural development.