Legal expert MetaLawMan believes Coinbase has the basis to beat the SEC in court
Commenting on the testimony, the legal analyst said the position of Chair Gensler is correct, adding that only Congress can determine who regulates the exchanges and that the commission cannot wish its own rules into existence.
MetaLawMan is convinced that Coinbase will keenly analyze all communications within the SEC leading up to Gensler's testimony before Congress. The analyst is convinced that every word in the testimony must have been vetted by staff of the SEC and deemed to be true before being uttered. This reality will set the SEC up for failure if it proceeds with any form of legal action.
Whether the trading platform has a viable case is based on a different premise, but that does not negate the
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