Experts are skeptical about a swift resolution to Coinbase's legal tussle with the U.S. Securities and Exchange Commission (SEC), pointing to the difficulty of proving that the tokens listed are not securities.
According to the Wall Street Journal, Coinbase's request for dismissal, slated for January 17, is viewed as a long shot by legal and financial insiders. Lisa Bragança, a lawyer and former SEC enforcement branch chief, expressed doubt that the case would be dismissed, citing the substantial challenge Coinbase faces in proving that the assets listed on its platform are not securities.
“Coinbase is claiming that the types of coins it lists on its platform are not securities, and proving that is going to be very challenging.” - Lisa Bragança
In a related development, Mizuho Securities analyst Dan Dolev highlighted that almos
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First found on: Wall Street Journal: Coinbase's Dismissal Request Seen as Unlikely
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