Bitcoin at two-year high Bitcoin at two-year high

The upcoming sentencing hearing stems from a lawsuit launched in June 2023 in which the SEC accused Coinbase of failing to properly register and designate several of its listed digital assets as securities.

The legal dispute highlights the ongoing tension between regulators and the crypto industry over the classification of digital assets and the appropriate regulatory framework. Coinbase disputes the SEC's claims, pushing for clearer regulatory guidelines to navigate the complex and evolving digital currency landscape.