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SEC vs. Coinbase: Legal Showdown
This chapter explores the SEC's allegations against Coinbase for operating as an unregistered securities exchange by trading tokens deemed as securities. It highlights the significance of the upcoming hearing, which could set a precedent for the SEC's authority over cryptocurrency transactions, particularly through the lens of the Howey test and the nature of staking services. Additionally, it contrasts the operational practices of Coinbase and Kraken, raising critical regulatory concerns regarding transparency and user control over funds.