Analyst says SECGov has an unfair advantage against Coinbase in current lawsuit
Despite the lawsuit filed by Coinbase, the SEC also charged the trading platform this week with supporting the trading of unregistered securities tokens. This has complicated the legal struggles for the crypto exchange despite its readiness to"represent" the industry in court as chief executive officer, Brian Armstrong said earlier.
According to Neuner, the SEC is trying to push the crypto trading firm into incurring massive legal fees while"at the same time reducing the tokens they can trade on the platform and choking the on-ramps to hurt Coinbase revenue.
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