SEC vs Coinbase (COIN) Legal Fight Could Bring Clarity To Crypto - TD Cowen

TD Cowen analyst Jaret Seiber comments after the SEC today sued Coinbase (NASDAQ: COIN), alleging that it illegally trades crypto and operates an illegal staking program.

"We view Coinbase fighting the SEC over these charges as critical for crypto as it could provide judicial review of the SEC's position on crypto. It is those judicial rulings that could force Democrats to compromise and push Congress to enact a crypto regulatory bill."

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