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Marisa
@mtcoppel
1/ My takes on the recent order in SEC v. Coinbase ๐Ÿ‘‡ #1 - HUGE win for DeFi. The court dismissed the SEC's claim alleging Coinbase Wallet functions as an unregistered broker. Drastic SEC overreach. This is great for devs and those working on peer-to-peer tech. ๐Ÿงต
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Marisa
@mtcoppel
2/ The court allowed the SEC's remaining claims to move forward. Not great, but now Coinbase gets to conduct discovery. Major battles will be fought and the true facts will be taken into account at summary judgment.
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Marisa
@mtcoppel
3/ Remember that at this stage, the court MUST take the facts alleged by the SEC as true. The courts hands are tied. The case will proceed to discovery and the parties will have an opportunity to fully argue the case on summary judgment based on ALL relevant facts.
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