Coinbase vs SEC: Legal Expert Sheds Light on Crypto’s Commodity Status
Jeremy Hogan, an expert in cryptocurrency law, has recently brought to light the critical legal showdown between the U.S. Securities and Exchange Commission (SEC) and Coinbase. This case, expected to be a landmark in the crypto world, could set significant precedents for the future of cryptocurrency regulation in the United States.
Key Insights from Past Court Decisions
Hogan referenced a previous court ruling in his remarks where a lawsuit against Uniswap was dismissed. The decentralized nature of Uniswap was a major factor in that decision, a characteristic not present in the Coinbase case.
However, Hogan pointed out that the judge in the Coinbase case previously acknowledged Ether as a “crypto commodity.” This distinction could be crucial in determining the outcome of the SEC’s allegations against Coinbase for operating as an unregistered securities exchange.
Ripple Effects from Terraform Labs Case
The SEC’s recent victory against Terraform Labs, where their offerings were classified as unregistered securities, has become a key element in the regulatory body’s strategy. This victory is now being used as a cornerstone in the SEC’s case against major crypto exchanges like Coinbase and Binance, asserting that they have engaged in similar activities.
Industry observers like Hogan closely monitor the continuing legal drama between the SEC and Coinbase. The result of this case could establish critical legal precedents for how cryptocurrency exchanges operate within U.S. regulations. As the industry watches, optimism and caution can be felt, reflecting the significant impact this case could have on the future of crypto regulations.
Judge’s Prior Rulings Offer Glimmer of Hope for Coinbase
In addition, Hogan, analyzing the judge’s past decisions, notes that her understanding of cryptocurrency technology and her previous classification of Ether as a commodity may favor Coinbase’s argument.
Furthermore, the judge’s emphasis on the need for Congress to be involved in the classification of crypto tokens as securities or commodities could play a pivotal role in the case’s outcome.
Read Also: Elon Musk’s X Bags Money Transmitter License in Utah
- Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation
- Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026
- Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration
- SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple
- Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces
- Solana Price Set for Q4 Surge as Canary Capital ETF Filing Meets Wyckoff Accumulation
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
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.
