TechFlow reports, senior litigation analyst Elliott Z. Stein believes Coinbase will likely win dismissal of the SEC's primary claims (regarding trading) in this motion, but may not succeed in dismissing the allegations related to staking and broker-dealer claims.
Elliott entered the courtroom thinking a partial dismissal was possible, but left considering full dismissal his baseline expectation.
Previously, Coinbase’s attorneys argued that the court should dismiss the SEC lawsuit, which accuses Coinbase of buying and selling unregistered digital assets as an "unregistered broker-dealer," violating securities laws.
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