🚨Breaking News: Coinbase's motion to dismiss SEC lawsuit denied! 😱 U.S. District Judge Katherine Failla ruled that the SEC has sufficiently pleaded that Coinbase operates as an unregistered exchange, broker, and clearing agency. The lawsuit, filed in June 2023, accuses Coinbase of violating federal securities laws by listing 13 tokens deemed as securities. Coinbase's attempt to question the SEC's authority over crypto exchanges has failed. 📉

🤔What's next for Coinbase? Share your thoughts in the comments below!👇

Stay tuned for more updates on this developing story. 📰