Coinbase considers using the SEC’s Terraform ruling to fight a dismissal motion!

The post Coinbase considers using the SEC’s Terraform ruling to fight a dismissal motion! appeared first on Coinpedia Fintech News

The ruling by the US Securities and Exchange Commission (SEC), which mandates the use of Terraform for data management, has led to speculation about Coinbase’s defense strategy in its ongoing legal battle with the agency. Observers believe that Coinbase may argue that its use of Terraform, a cloud infrastructure automation tool, provides sufficient oversight of its crypto trading systems. The SEC has accused Coinbase of illegally offering unregistered securities through its digital asset trading platform. Coinbase’s legal team has yet to reveal its specific strategy for countering the allegations.