Discussion

• @iampaulgrewal @iampaulgrewal on x

  Today, the Court decided that our SEC case will move forward on most of the claims, but dismissed the claims against Coinbase Wallet. We were prepared for this, and we look forward to uncovering more about the SEC's internal views and discussions on crypto regulation. 1/6

• @brian_armstrong Brian Armstrong on x

  Great progress on the SEC case - and huge win for self-custodial wallets. This ensures the onchain ecosystem will continue to innovate and create economic freedom around the world. We'll continue fighting for your right to use crypto, and to get clarity around the rules, until...

• @snowden Edward Snowden on x

  This doesn't bother me. If the SEC keeps acting in bad faith like this, they're going to lose so hard in court that they'll never be able to do this to anyone ever again. Remember when the SEC got spanked so badly that Gensler had to approve BTC ETFs with tears in his eyes? yeah

• @mikeseligesq Mike Selig on x

  Significant setback for SEC w/ Judge Failla granting Coinbase's motion to dismiss SEC's claim that Coinbase acted as a broker by offering non-custodial digital wallet software. SEC aimed to discourage builders from developing peer-to-peer software. Didn't work.

• @jchervinsky Jake Chervinsky on x

  1/ The court just decided Coinbase's motion for judgment on the pleadings. Overall, SEC wins. There are some positives: it's great for DeFi that Wallet is not a broker, and there's good language on other issues like Howey's “investment of money” prong. https://www.courtlistener.c…

• @leomschwartz Leo Schwartz on x

  Here's the full statement from the SEC on today's ruling on the Coinbase lawsuit: “We're pleased that yet another court has confirmed that, while the term ‘crypto’ may be relatively new, the framework that courts have used to identify securities for nearly 80 years still applies.…

• @jchervinsky Jake Chervinsky on x

  We're lucky to have @iampaulgrewal leading such a crucial case, for Coinbase and the entire industry 🙏 For the non-lawyers: “we look forward to uncovering more about the SEC's internal views and discussions” roughly translates to “we're about to light them up in discovery” 🍿

• @amandatums Amanda Tuminelli on x

  Still digesting Judge Failla's Order partially denying Coinbase's MJOP, but a few quick thoughts: 1. The pleading standard for an MJOP, which only decides if the case continues to discovery, favors the SEC. The court assumes all well-plead facts are true in order to determine if.…

• @billhughesdc @billhughesdc on x

  SDNY: Wallets are NOT brokers. @MetaMask [image]

• @robustus Dan McArdle on x

  Furthermore the judge *did* dismiss part of the case, which was an unexpected win for Coinbase imo

• @dotkrueger Fred Krueger on x

  “Judge Failla's ... dismiss(ed) the claim that Coinbase acts as an unregistered broker through its Wallet.” That part is final.

• @0xgaut @0xgaut on x

  I, for one, look forward to seeing @coinbase smash them in a full trial.

• @adamscochran Adam Cochran on x

  Court sides with SEC *ON MOTION TO DISMISS* This means the court case will proceed to the full case. While I'm a bit surprised at the finding, this is not an indicator on how the actual court case will proceed. This is merely a judgement of if there is a legal soundness to the...

• @jchervinsky Jake Chervinsky on x

  3/ This is a disappointing outcome, especially since hopes ran high after oral argument in January. But it's only the beginning — not the end — of the SEC's case against Coinbase specifically, as well as its campaign to attack crypto generally. We all live to fight another day.

• @eleanorterrett Eleanor Terrett on x

  🚨BREAKING: Judge Failla has denied @coinbase's motion to dismiss and will allow the @SECGov to continue with its case against the company in regards to the allegation that it operates as an unregistered exchange, broker, clearing agency and through its Staking Program “engages...…

• @faryarshirzad Faryar Shirzad on x

  As we have said all along, @Coinbase is committed to getting clarity on the rules for the industry. Today's decision is one important step on the path to get us to that goal. We remain confident in our legal arguments as this case moves forward. We are also eager to move to...

• @joecarlasare Joe Carlasare on x

  🚨 🚨 The Court finds SEC has plausibly pled that Crypto-Asset Purchasers on Coinbase Were in a Common Enterprise with the Developers of Those Assets [image]

• @belisarius2020 Bill Morgan on x

  The judge made this comment👇 She looked at two of the 13 coins as exemplars. One of these was Solana. She found that the SEC plausibly asserts that Coinbase facilitated transactions in crypto-asset ‘securities’. She clearly found that the SEC had plausibly argued sales of SOL... …

• @fintechfrank Frank Chaparro on x

  They ruled against their dismissal request innit? Not a big deal

• @tier10k @tier10k on x

  Court Finds SEC Sufficiently Pleaded Coinbase Operated as an Exchange, Broker and Clearing Agency Court Sides With SEC on Staking Program Issue Court Sides With Coinbase on SEC Claims Regarding Wallet Case Will Proceed https://plum-harrietta-82.tiiny.site/

• @cryptowendyo Wendy O on x

  Coinbase v SEC Imagine having to get sued to learn the “laws” of an entire industry because all of them were “internal” Tax payer printed go buurrrrrr

• @trustlessstate @trustlessstate on x

  This is a partial Coinbase W, as the claims against the Coinbase Wallet were indeed thrown out by the court Coinbase's Staking Product vs. SEC will continue

• @0xjaypeg Jay on x

  clickbait headline case will proceed, and coinbase will win [image]

• r/Buttcoin r on reddit

  The cards are falling!

• r/ethtrader r on reddit

  Coinbase must face US securities regulator's lawsuit