- According to John Deaton, Coinbase (NASDAQ:COIN) could claim a massive regulatory advantage over the SEC in ongoing litigation.
- Deaton explained that the SEC backtracked on its original decision granting Coinbase an accelerated IPO.
- The lawyer believes a victory for Coinbase will be significantly detrimental to the SEC.
According to renowned crypto lawyer John Deaton, Coinbase could claim a massive regulatory advantage, depending on the outcome of its ongoing case versus the U.S. Securities and Exchange Commission (SEC). Deaton observed that during an interview with the Discover Crypto YouTube channel hosts.
The renowned lawyer explained the details of the case, noting how the SEC backtracked on its original decision granting Coinbase an accelerated IPO. He believes a victory for Coinbase will be significantly detrimental to the SEC. However, he thinks a victory for the SEC would negatively impact the entire crypto industry.
Deaton noted that the ongoing litigation is a Federal District Court case. Hence, there is the opportunity for an appeal by any of the parties, depending on the outcome. More importantly…
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