Coinbase - What fate awaits?

Back then, the U.S. Securities and Exchange Commission sued Coinbase, the second-largest crypto exchange by volume.

he federal regulator alleges Coinbase operated its crypto asset trading platform as an unregistered national securities exchange and broker.

But all have since changed for the good in recent weeks, especially 2 key developments.

Last Friday, Coinbase won a reprieve from the U.S. Supreme Court on Friday, after the high court ruled that a lawsuit filed by one of the exchange's users couldn't proceed until Coinbase defends an appeal of a lower court ruling.

When it seems that regulatory clampdown has gone up more notches, this surprise ETF filing has actually pushed crypto and Coinbase share prices further up, as there is suddenly an impetus of positivity.

Would you consider this as good news for crypto and Coinbase?

DISCLAIMER
The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.