Coinbase v. the SEC: 4 outcomes
Coinbase is facing the SEC in federal court over the agency’s allegations that Coinbase violated securities laws by selling unregistered securities and failing to register its staking-as-a-service program. There are four possible outcomes for this hearing. The SEC winning would be the easiest outcome for them, as they just need to show their claim is plausible. Coinbase can win outright if the judge grants their motion with prejudice, forcing the SEC to appeal. Coinbase could also win a partial victory if the judge grants the motion for tokens but not for the staking service. The final outcome would be if the judge grants Coinbase’s motion but allows the SEC to amend certain deficiencies.
Token Unlock Preview
Upcoming token unlocks include ApeCoin, Axie Infinity, Injective, and SPACE ID. ApeCoin will unlock 15.6 million tokens worth about $23 million on January 16. Axie Infinity will unlock 3.43 million tokens worth about $28 million on January 18. Injective will unlock 3.67 million tokens worth about $140 million on January 20. SPACE ID will unlock 53 million tokens worth about $16 million on January 21.
Crypto at the World Economic Forum
The World Economic Forum is holding its annual meeting in Davos, Switzerland this week, and several crypto companies are expected to participate, including Ripple, Circle, Coinbase, Stellar, and Hedera. These companies are aiming to showcase their legitimacy on the global financial stage.
Hot Take: Crypto events to watch this week
This week brings important events in the crypto world, including Coinbase’s battle with the SEC, significant token unlocks, and crypto companies’ presence at the World Economic Forum in Davos. These events will shape the future of the industry and provide insights into the regulatory landscape. Stay tuned for updates on these key developments.
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