Coinbase and SEC Dig in With U.S. Judge on Whether Securities Law Applies to Listings

“This is a quite extreme case of a regulator wanting to have its cake and eat it too,” Dave Rodman, founder and managing partner at Rodman Law Assemblage, told CoinDesk. “After all, the SEC deemed Coinbase sound enough to list on a US stock exchange, and it appears that it is backpedaling.”