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 <p class="is-style-lead">Amid recent geopolitical events impacting investor decisions, a regulatory clash in the U.S. involving crypto exchange Coinbase and the Securities and Exchange Commission (SEC) resurfaces.</p>
 <p>Since June, Coinbase has been entangled in a <a rel="noopener noreferrer nofollow" title="legal" href="https://thebittimes.com/tag/legal.html">legal</a> <a rel="noopener noreferrer nofollow" title="battle" href="https://thebittimes.com/tag/battle.html">battle</a> with the SEC over allegations of operating as an unregistered exchange. While there are other ongoing lawsuits in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> industry, the Coinbase case has garnered the most attention, indicating how digital assets might be treated under US law in the future.</p>
 <p>Legal experts and authorities, including the North American Securities Administrators Association (NASAA), have echoed the SEC’s perspective, emphasizing that <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies should adhere to traditional rules despite being a new asset class. Coinbase, on the other hand, argues for the uniqueness of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies and the need for a fresh regulatory approach.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Coinbase’s tax chief urges IRS to reevaluate crypto tax regulations
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 <h2 class="wp-block-heading" id="coinbase-s-global-impact">Coinbase’s global impact</h2>
 <p>The outcome of the Coinbase <a rel="noopener noreferrer nofollow" title="legal" href="https://thebittimes.com/tag/legal.html">legal</a> <a rel="noopener noreferrer nofollow" title="battle" href="https://thebittimes.com/tag/battle.html">battle</a> holds significance for Australian investors and the global community, as it could influence regulatory decisions in other countries.</p>
 <p>In contrast to regulatory concerns, there have been positive developments, such as JPMorgan Chase’s successful blockchain-based transaction, demonstrating the integration of traditional banking and innovative blockchain technology.</p>
 <p>Personal opinions in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sphere also emerged. “Mad Money” host Jim Cramer continues to express a bearish view on <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.</p>
 <p>Cramer, a former Goldman Sachs employee, recently stated that he “can’t be in something where Mr. Bitcoin is about to go down big,” seemingly referring to Sam Bankman-Fried, the disgraced FTX founder currently on trial in New York.</p>
 <p>Cramer’s viewpoint is, to some extent, influenced by the continuous regulatory examination of digital currencies in the U.S.</p>
 <p>However, investors face challenging times due to global uncertainties, emphasizing the importance of staying informed and rational when managing investments amid such economic and geopolitical instability.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> State regulator joins SEC in lawsuit against Coinbase
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-s-legal-battle-takes-center-stage-in-crypto-chaos-tbt66398.html">https://thebittimes.com/coinbase-s-legal-battle-takes-center-stage-in-crypto-chaos-tbt66398.html</a></p>

Coinbase’s legal battle takes center stage in crypto chaos

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