What a Judge Said About the SEC’s Suit Against Coinbase
In Between Coinbase, Custodia, Roman Storm and Sam Bankman-Fried, there was a lot of news recently. Let's get to it.You're checking out State of Crypto, a CoinDesk newsletter taking a look at the crossway of cryptocurrency and federal government. Click on this link to register for future editions.Huge weekThe narrativeCoinbase and Custodia both lost early and initial court battles. The Coinbase loss was basically anticipated-- business hardly ever win much on a movement for judgment at such an early phase-- however still quite informing.Why it mattersAt some point the cases including the U.S. Securities and Exchange Commission are going to move to appeals courts and perhaps even the U.S. Supreme Court, if they're not settled. Up until that point, these choices in the district court are cl...