A US court has partially upheld the Securities and Exchange Commission (SEC)'s lawsuit against the crypto exchange Coinbase, while Coinbase has achieved partial success. The SEC had accused Coinbase of offering crypto assets for trading as securities without the necessary registrations. In response, Coinbase demanded uniform regulations for digital securities from the SEC, which was denied. The court found the SEC's argument regarding Coinbase operating as an unregistered securities trading platform and the staking program to be plausible.

Coinbase Achieves Partial Success Regarding Self-Managed Crypto Wallet As Court Deems Coinbase Not a Broker. Crypto Lawyers View This Decision as a Significant Victory for Self-Custodied Wallets and Decentralized Financial Applications (DeFi). Legal Experts Say This Is a Win for Applications That Assist Users in Determining On-Chain Prices Without Controlling Users' Assets or Transactions.

The court order is seen by some experts as a partial victory for the SEC, but also contains positive elements for the DeFi sector. The case reflects the ongoing regulatory challenges and debates in the field of digital securities and cryptocurrencies.