A significant legal victory for Coinbase emerged as the United States Court of Appeals for the Second Circuit, in a 3-0 decision, ruled in favor of the cryptocurrency exchange. The court's decision, which revolved around a consumer lawsuit originally filed in 2021, clarified that secondary sales of cryptocurrencies on Coinbase's platform, $COIN, do not violate the Securities Exchange Act. This ruling addresses accusations against Coinbase for facilitating the sale of unregistered securities and failing to register as a broker-dealer. The lawsuit's revival by the appeals court underscores ongoing debates around the regulatory status of digital assets and their trading platforms. This decision is seen as a major breakthrough for the cryptocurrency industry in the United States, potentially setting a precedent for how crypto assets are regulated and traded.