 
 
Elliott Z. Stein, a senior litigation strategist at Bloomberg Intelligence, shared his opinion on why leading American crypto exchange Coinbase has a good chance of securing victory in its motion to dismiss all claims made against it by the U.S. Securities and Exchange Commission (SEC).
70% Chance Coinbase Wins
Coinbase and the Securities and Exchange Commission faced off in court on Wednesday to present oral arguments on whether Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York should toss out or allow the lawsuit to continue.
According to Eliott Z. Stein, Coinbase has a 70% chance of securing legal victory against the SEC. The exchange first filed the motion to dismiss in June 2023, claiming that none of the tokens named in the SEC’s suit against it earlier that month satisfied the definition of an investment contract….
