Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

SEC Lawsuit Against Coinbase Allowed

March 27, 2024
Reading Time: 3 mins read
in News
SEC Lawsuit Against Coinbase Allowed

The recent ruling by a United States court has declined Coinbase’s motion to dismiss the Securities and Exchange Commission’s (SEC) case against the exchange, consequently permitting the regulator to proceed with its lawsuit. The decision, delivered by U.S. District Judge Katherine Failla, affirms the SEC’s allegations that Coinbase functions as an unregistered exchange, broker, and clearing agency. Additionally, the court cited the SEC’s claim that Coinbase, through its Staking Program, engages in the unregistered offer and sale of securities, as outlined in the court documents from March 27. This ruling paves the way for the SEC’s pursuit of legal action against Coinbase, stemming from the SEC’s lawsuit filed in June 2023, which asserted that the crypto exchange violated federal securities laws by listing 13 tokens it alleged were securities.

Despite Coinbase’s argument that the transactions facilitated on its platform do not qualify as financial securities, the court upheld the SEC’s position, emphasizing that at least some of the transactions on Coinbase’s platform and through related services constitute investment contracts, which are considered securities under federal securities laws. The court’s decision to deny Coinbase’s motion to dismiss the case underscores the regulatory scrutiny and legal complexity surrounding the classification of transactions in the cryptocurrency domain. Furthermore, the court noted Coinbase’s lack of registration with the securities regulator, reinforcing the SEC’s claim that Coinbase operated as an unregistered intermediary of securities. The court’s ruling underscores the legal intricacies and ongoing regulatory challenges faced by cryptocurrency exchanges, reflecting the evolving landscape of regulatory oversight and compliance within the digital asset industry.

Reference:
  • SEC can proceed with Coinbase lawsuit: Court ruling
Tags: Cyber NewsCyber News 2024Cyber threatsCybersecurityMarch 2024SECSecurities and Exchange Commission'sUnited States
ADVERTISEMENT

Related Posts

UK Advances Plan to Report Ransomware Attack

UK Advances Plan to Report Ransomware Attack

July 23, 2025
UK Advances Plan to Report Ransomware Attack

Global Ransomware Attacks Drop 43% in Q2

July 23, 2025
UK Advances Plan to Report Ransomware Attack

Clorox Sues Cognizant Over 2023 Cyberattack

July 23, 2025
3.5K Sites Hijacked to Secretly Mine Crypto

Darktrace Buys Mira Security

July 22, 2025
3.5K Sites Hijacked to Secretly Mine Crypto

UK Sanctions APT28 for MS Cloud Attack

July 22, 2025
3.5K Sites Hijacked to Secretly Mine Crypto

The Financial Toll Of Dark Web Travel Sites

July 22, 2025

Latest Alerts

Lumma Stealer Returns with New Tactics

npm Phishing Emails Target Developer Logins

MuddyWater Emerges Amid Iran-Israel Clash

CrushFTP Warns of Exploit in the Wild

7-Zip Flaw Lets Malicious Files Crash PCs

3.5K Sites Hijacked to Secretly Mine Crypto

Subscribe to our newsletter

    Latest Incidents

    Weak Password Triggers Ransomware Old Firm

    US Nuclear Agency Breached in MS Hack

    European Healthcare Network Breached

    CoinDCX Says $44M Stolen from Reserves

    Poland Probes Air Traffic Control Issue

    Dior Alerts Customers After Cyberattack Hit

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial