Coinbase's Legal Team Secures Partial Victory Against SEC, Promoting Economic Freedom

In a significant legal development, Coinbase's legal team has achieved a partial victory against the SEC, with the dismissal of claims related to its Coinbase Wallet, marking a notable win for self-custodial wallets and the broader onchain economy. This outcome is seen as a boost for browser-based wallet extensions, application front ends, and similar applications, potentially fostering innovation and growth in the global onchain ecosystem, aiming to bring millions of builders and billions of people onchain. Coinbase CEO Brian Armstrong highlighted the progress in the SEC case as a crucial win for self-custodial wallets, emphasizing the company's commitment to fighting for crypto usage rights, regulatory clarity, and promoting economic freedom. The legal battle has attracted attention from various quarters, with anticipation around Coinbase's legal strategy against the SEC's allegations, often referred to as 'sec goons'.