Lawyer Expects SEC to Lose if It Sues Coinbase Due to 'Fatal Flaw' of Gary Gensler's Own Making – Bitcoin News

Lawyer Expects SEC to Lose if It Sues Coinbase Due to 'Fatal Flaw' of Gary Gensler's Own Making

If the SEC follows through on its threat to sue Coinbase, I believe the SEC will lose. The SEC’s case has a fatal flaw. And the problem is entirely of Gary Gensler’s own making. If the SEC files a lawsuit against Coinbase, the crypto exchange’s legal team “will surely zero in on the communications within the SEC leading up to Gensler’s May 6, 2021 testimony,” Murphy said, adding that “All testimony of an SEC Chairman is thoroughly vetted internally before they testify.”

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