Coinbase’s revenue for the second quarter of 2023 reached $1.1 billion, a significant jump from the $600 million recorded in the same period last year. This impressive growth is attributed to several factors, including the rebound in crypto trading activity, the expansion of its subscription service, and the growth of its institutional client base. The company’s revenue growth is particularly noteworthy in light of the challenging macroeconomic environment.

The two institutions have engaged in a public battle that has been playing out in courtrooms across the US. Here, we will explore the core of the arguments put forth by both Coinbase and the SEC, analyzing the legal framework and examining the potential outcomes of this ongoing conflict. **Coinbase’s Argument for Regulatory Overreach**

Coinbase argues that the SEC’s actions constitute regulatory overreach, claiming that the regulator is exceeding its authority and imposing unnecessary burdens on businesses.