Coinbase's 'Huge Win' Over SEC in Wallet Case, Says CEO Brian Armstrong

Coinbase has achieved a significant legal victory against the SEC, particularly concerning self-custodial wallets, marking an important milestone for the cryptocurrency industry. The court's ruling, which favored the SEC on some fronts, has been interpreted as a win for Coinbase in the realm of self-custodial wallets and browser-based wallet extensions. This development is seen as a boost for the onchain ecosystem, allowing for continued innovation and the potential for economic freedom worldwide. Coinbase CEO Brian Armstrong highlighted the progress made in the case and its implications for self-custodial wallets as a "huge win". The ruling has been met with optimism from various quarters, including legal experts and industry observers, who view it as a step towards providing clarity for the U.S. digital asset industry. Edward Snowden commented on the SEC's actions, suggesting that continued bad faith could lead to significant legal setbacks for the agency.