Coinbase Awaits Judge's Decision on SEC Lawsuit Within 3 Months
• Judge expected to make decision in SEC lawsuit against Coinbase in next 3 months • Citi analyst raised Coinbase price target to $151 from $90 • If dismissal request denied, case likely goes to discovery phase for a year • Best case for Coinbase is lawsuit dismissed with prejudice, but SEC can appeal • Judge could dismiss part of lawsuit and allow discovery on other aspects