The legal battle between the SEC and Coinbase is set to determine the fate of a number of crypto tokens in the United States.
Coinbase and the U.S. Securities and Exchange Commission faced off in court on Jan. 17 to present arguments on whether Judge Katherine Polk Failla should dismiss or allow the case to continue.
The case — initiated by the SEC in June 2023 against Coinbase — is so far one of the biggest court battles within the crypto space, as the classification of 13 tokens is at stake.
During the hearing, Judge Failla showed a deep understanding of the crypto industry, repeatedly pressing SEC attorneys to justify why — and when —- the tokens should be considered securities.
