Analyst Predicts 70% Chance of Victory for Coinbase Against the SEC

• Bloomberg analyst Elliot Stein predicts a Coinbase victory against the SEC. 
• The analyst said Coinbase offered more compelling arguments on “investment contracts.”
• The decision reached in Ripple v SEC on retail sales of XRP will be pivotal in Coinbase’s case.

Bloomberg senior litigation analyst Elliot Stein has predicted that cryptocurrency exchange Coinbase has a high chance of securing a victory in its lawsuit against the US Securities and Exchange Commission (SEC). 

In a recent post on X (formerly Twitter), the analyst tweeted that Coinbase has a 70% chance of securing a full dismissal against the SEC. The analyst expressed this optimism based on the arguments put forward by both the SEC and Coinbase at their recent court hearing. 

Stein clarified that, before entering the courtroom, he was confident Coinbase could successfully refute certain of the SEC’s charges but not those pertaining to its rewards scheme for staking and general organizational structure. The analyst remarked: 

I went into SEC v. Coinbase hearing thinking COIN would, on this motion, win dismissal of SEC’s prima…

The post Analyst Predicts 70% Chance of Victory for Coinbase Against the SEC appeared first on Coin Edition.