Posted 1/23/2024, 3:46:00 PM
Analysts See High Odds of Coinbase Winning Early Dismissal of SEC Lawsuit Over Crypto Listings
- Analyst predicts 70% chance of judge dismissing SEC lawsuit against Coinbase by end of Q2 2023
- Coinbase argues tokens are like Beanie Babies, not shares of Beanie Babies Inc., distinguishing primary and secondary markets
- Analyst agrees, says buyers don't know issuers so no "reasonable expectation of profits" under Howey Test
- Judge's ruling in Ripple case found problems with crypto sold on public exchanges not meeting Howey Test
- While some predict overall Coinbase win, many doubt full dismissal before discovery stage of case