Legal researcher Elliott Stein recalls leaving the courtroom with a significantly more optimistic outlook on cryptocurrency exchange Coinbase’s chances of securing a victory.
Bloomberg senior litigation analyst Elliott Stein has indicated he sees minimal likelihood of failure for cryptocurrency exchange Coinbase in its ongoing lawsuit against the United States Securities and Exchange Commission (SEC). Stein forecasts a 70% chance of the exchange securing a full dismissal in the lawsuit.
In a post on Jan. 19 on X (formerly Twitter), Stein explained that before he entered the courtroom, he was confident that Coinbase could object successfully to certain SEC claims but not those allegations relating to its staking rewards program and overall operational structure.
However, his confidence shifted after the five-hour hearing:
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Source: https://cointelegraph.com/news/coinbase-full-dismissal-sec-lawsuit