The lawsuit against the largest US crypto exchange Coinbase and its CEO, Brian Armstrong, for the mass sale of unregistered securities was dismissed by the US Southern Court of New York.
According to Reuters news U.S. Southern Court of New York in the proceedings Judge Paul Engelmayerwhich Coinbase announced on March 11 as securities of 79 tokens to the stock market and its CEO for allegedly carrying out unregistered sales. to Armstrong It was stated that the case was dismissed.
To determine whether tokens are securities Howey Test In the case where the tokens were used, Judge Engelmayer securities is acceptance Although Coinbase has these tokens not the original seller decided.
The lawyers of the case preconception because it was rejected with cannot be taken back to court. expressed.
The day the news was announced Coinbase (COIN) share price 59.08 from dollars 65.70 rising to dollars to 12% close in value. The shares of the US crypto exchange have been trading since the beginning of January. to 100% has risen recently.
Coinbase’s Lawsuit Concerning 79 Altcoins Rejected! The article named was prepared by Hasan Küçük and published on koinbulteni.com.