Breaking: New Judge Assigned In Coinbase SEC Lawsuit
Crypto Market News: In a fresh development, the current judge in the U.S. Securities and Exchange Commission (SEC) lawsuit has been replaced, less than 10 days within the agency’s filing of charges. Earlier, the regulatory agency launched the fresh batch of crypto lawsuits, this time targeting two of the world’s top crypto exchanges, Coinbase and Binance. Coinbase, the top US based exchange, was charged with engaging in an unregistered securities offering through its staking-as-a-service program.
Also Read: Chinese Securities Once Backed the World’s Largest Stablecoin USDT: Bloomberg\
Meanwhile, the crypto market showed very little negative reaction to the back to back lawsuits, amid a prolonged slump in asset prices following the US regional banking crisis news.
Judge Jennifer Rearden Replaced In Coinbase Lawsuit
Judge Jennifer Rearden has been replaced by Judge Katherine Polk Failla in the SEC Coinbase lawsuit, who had previously overseen another crypto lawsuit, involving Tether and Bitfinex. However, there seems to be no particular reason as to why the Judge was replaced, according to MetaLawMan. This past experience is said to be benefiting the new judge as she would be familiar with the crypto terminology. A tweet by the MetaLawMan account said,
“A new judge has been assigned to the SEC Vs Coinbase case in New York federal court, to replace rookie Judge Jennifer Rearden. The new Judge assigned is Katherine Polk Failla.”
However, there seems to be no particular reason as to why the Judge was replaced, according to MetaLawMan.
Also Read: Rug Pull Alert: List Of Altcoins Celsius Network Will Sell On July 1st
- BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF
- Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?
- Breaking: U.S. Government Shuts Down After Congress Fails to Pass Funding Bill
- Breaking: BNB Chain Account Hacked With Founder CZ Shown Promoting Meme Coin
- Trump’s Thumzup Media Boost Dogecoin Mining Fleet, Pumps $2.5M Into DogeHash
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
