In a significant legal development, Coinbase's legal team has achieved a partial victory against the SEC, with the dismissal of claims related to its Coinbase Wallet, marking a notable win for self-custodial wallets and the broader onchain economy. This outcome is seen as a boost for browser-based wallet extensions, application front ends, and similar applications, potentially fostering innovation and growth in the global onchain ecosystem, aiming to bring millions of builders and billions of people onchain. Coinbase CEO Brian Armstrong highlighted the progress in the SEC case as a crucial win for self-custodial wallets, emphasizing the company's commitment to fighting for crypto usage rights, regulatory clarity, and promoting economic freedom. The legal battle has attracted attention from various quarters, with anticipation around Coinbase's legal strategy against the SEC's allegations, often referred to as 'sec goons'.
1/ We have the outcome of the first battle in the SEC v. @coinbase war. At first, the decision seems like mostly a win for the SEC. But looks can be deceiving. Your favorite crypto lawyer read the entire opinion so you don't have to. Let's dig in 👇 https://t.co/O4dmYq8kKJ
Coinbase CEO Brian Armstrong Says Great Progress on the SEC Case - and Huge Win for Self-Custodial Wallets Is there any coins for this new narrative?
huge win for onchain the dismissal of claims against @CoinbaseWallet clears the path for self-custodial innovation to grow the global onchain economy we are going to bring millions of builders and billions of people onchain https://t.co/A9NQwuPQRB
COINBASE CEO BRIAN ARMSTRONG SAYS GREAT PROGRESS ON THE SEC CASE - AND HUGE WIN FOR SELF-CUSTODIAL WALLETS
$COIN COINBASE CEO BRIAN ARMSTRONG NOTES GREAT PROGRESS ON THE SEC CASE - AND HUGE WIN FOR SELF-CUSTODIAL WALLETS
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… https://t.co/05m8Sijzm6
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" 🍿 https://t.co/R06YBmHU2Z
I'm sure much ink has been spilled on this already but Coinbase winning on the SEC's Coinbase Wallet allegations at this stage is a pretty giant win for browser-based wallet extensions, application front ends, and other similar applications.
The ruling in favor of the SEC comes as Coinbase has become a go-to partner for big Wall Street assert managers looking to offer cryptocurrency trading options. https://t.co/TjZ46GFJyF https://t.co/USWn4mwBcE
can’t wait to watch the coinbase legal team wipe the floor with sec goons in court
I, for one, look forward to seeing @coinbase smash them in a full trial. https://t.co/xG2fP8opxP
I, for one, look forward to see @coinbase smash them in a full trial. https://t.co/xG2fP8opxP