Introduction

Coinbase has officially asked the court to dismiss the SEC's lawsuit against them. On Friday they filed a motion for judgment on the pleadings which raised questions about the validity of the lawsuit and indeed whether the SEC even has the jurisdiction to police the crypto space. This morning PayPal announced their new stablecoin offering built on Ethereum called PyUSD or PiUSD. The leading contender for the most important trend of this bear market is trad by muscling in on territory that was seeded by crypto native companies behaving badly.