The SEC’s lawsuit against Coinbase will be heard in New York on Jan. 17. The case may determine the future of several crypto tokens in the United States.
Crypto exchange Coinbase and the United States Securities and Exchange Commission (SEC) will appear in court for a hearing that will determine the next steps in the case.
On Jan. 17 at 10 am ET (3 pm UTC), a court in New York is expected to hear oral arguments on Coinbase’s motion to dismiss the SEC’s lawsuit against the exchange. The SEC sued Coinbase on June 6, 2023, alleging that the cryptocurrency exchange violated federal securities laws.
The agency argued that 13 tokens listed on Coinbase were securities, including coins like Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), The Sandbox (SAND), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), NEAR (NEAR), Voyager (VGX), Dash (DASH) and Nexo (NEXO).
