James Murphy, a lawyer with expertise in cryptocurrencies, discussed the legal conflict between the SEC and Coinbase.
James Murphy, a prominent cryptocurrency lawyer in the United States, addressed the regulatory pressure imposed by the Securities and Exchange Commission (SEC) on the cryptocurrency exchange Coinbase. Murphy expressed his belief that the SEC would have a high probability of losing the lawsuit if they were to pursue legal action against Coinbase.
In a recent tweet, the crypto lawyer commented on the SEC’s Wells statement, stating the following:
Expressing his opinion on Twitter, the crypto lawyer stated, “I think the SEC would be unsuccessful in a legal battle against Coinbase after their threats. There are notable inconsistencies in the jurisdiction of the Securities and Exchange Commission.”
According to the crypto expert lawyer, if a lawsuit is initiated, Coinbase officials will raise a valid objection, and ultimately, they will be proven right. In recent weeks, the Securities and Exchange Commission (SEC) has targeted the cryptocurrency exchange, accusing it of non-compliance with securities laws.