- Judge rules in favour of Coinbase in SEC battle.
- Coinbase wins motion to compel discovery.
- Key documents must be shared by SEC.
A federal judge ruled in favour of Coinbase in its ongoing legal battle with the US Securities and Exchange Commission, ordering the SEC to produce documents that could strengthen Coinbase’s defence.
Coinbase has argued that the SEC’s unclear regulatory stance has put the company and the crypto industry in a “Catch-22″ position that makes compliance almost impossible.
Southern District of New York Judge Katherine Failla granted Coinbase’s motion to compel discovery, including key documents related to how the SEC interprets the application of securities laws to digital assets. While some limitations were placed on the scope of the documents, Coinbase secured access to most of what it sought, including crucial information regarding the “Howey test,” which the SEC uses to determine if assets are…
