Crypto market hit again: US judge agrees SEC to continue suing Coinbase

US regional judges have agreed to the US Securities and Exchange Commission (SEC) filing a lawsuit against the cryptocurrency exchange platform Coinbase. The SEC accuses Coinbase of engaging in illegal activities such as unregistered securities sales and issuance. The judge believes that the SEC has jurisdiction over cryptocurrencies and states that crypto trading falls within the securities framework. This ruling is a victory for the SEC, but the case may enter a lengthy investigation phase and may require a Supreme Court ruling. Coinbase's Chief Legal Officer stated that the company remains confident in the lawsuit. The SEC sued Coinbase in June last year, accusing it of profiting from facilitating illegal securities sales