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James Murphy, a web3 analyst and content creator, shared his views on the possibilities of the beleaguered crypto exchange Coinbase’s victory against the Securities and Exchange Commission (SEC) in the ongoing legal battle. Reflecting on Judge Katherine Polk Failla’s statement at the pre-motion conference held on Thursday, the analyst pointed out that the judge aligned herself with the exchange.On July 15, Murphy, known as MetaLawMan on Twitter, shared a post, incorporating the <a href="https://assets.ctfassets.net/c5bd0wqjc7v0/46XloV2v8raTCNRhg8XTKZ/2a13c4bec44230bc8ae30ab37c01722e/Premotion_Conference_Tr.__7.13.23_.pdf" rel="noopener noreferrer nofollow">transcript</a> of the SEC-Coinbase pre-motion conference:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ed006d9b91ef411bb8f4df5bd8c74b63.png">The analyst commented that the judge being explicitly aligned with the defendant is “unusual for a first argument”. He added that the judge’s support for Coinbase on a key argument would have an adverse effect on the SEC, predicting, “It gets worse from here for the SEC”.Judge Failla commented:“It's not crazy in the Failla parlance for Coinbase to think that what they were doing was OK because it was exactly what you let them do when they issued the S-1. That's the point I'm making.”Stressing on Judge Failla’s words, Murphy pointed out that the judge was “making” that point, and reiterated that the possible outcome of the SEC’s <a href="https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdf" rel="noopener noreferrer nofollow">lawsuit</a>against Coinbase could be in opposition to the regulators. Referring to another significant comment from the Judge, the analyst asserted, “This is a significant tell and not a good one for the SEC”.Read full article at <a href="https://cryptotale.org/judge-failla-aligns-herself-with-coinbase-comments-web3-analyst/" rel="noopener noreferrer nofollow">CryptoTale.</a>

‘Judge Failla Aligns Herself With Coinbase’: Comments Web3 Analyst

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