Elliot Stein: Coinbase has 70% chance of winning against SEC

A Bloomberg analyst estimates that the largest American cryptocurrency exchange Coinbase has a great chance of getting at least one important point in the US Securities and Exchange Commission (SEC) lawsuit rejected in court..

Elliott Stein released his forecast after attending one of the hearings in the case against Coinbase. The SEC accuses the company of opening an unregistered exchange, brokerage platform and clearing agency, as well as the illegal sale of securities related to staking of cryptocurrencies. The lawsuit was filed in the middle of last year, and since then Coinbase has been unsuccessfully trying to resist the regulator's claims.

Analyst Believes Coinbase Will Be Able to Defeat Regulator's Charges of Trading Violations. However, dealing with other charges will not be so easy:

“There is a 70% chance that Coinbase will win. We think the exchange is likely to benefit.»

The definition that stock exchange representatives gave to the concept of “investment” successfully challenges the SEC’s charges, Elliott Stein is sure.

In January, Coinbase executives offered security assistance to the SEC after the regulator's Twitter account was compromised and investors lost nearly a billion dollars.. And the exchange’s CEO, Brian Armstrong, continues to deny rumors about the platform’s possible departure from the US market to a more cryptocurrency-friendly country.