Judge Largely Denies Coinbase’s Bid For Judgment On Pleadings In SEC Enforcement

(March 28, 2024, 2:08 PM EDT) -- NEW YORK — A federal judge in New York on March 27 issued a split ruling mostly denying Coinbase Inc.’s motion for judgment on the pleadings because the Securities and Exchange Commission adequately alleged that the company engaged in the unregistered sale of securities but also finding that the commission had not substantiated its claim that Coinbase acts as an unregistered broker....