Coinbase and ConsenSys Embattled in SEC Lawsuit Engage Wachtell for Defense

IconCrypto News Terminal25 Apr, 2024

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Coinbase and ConsenSys Embattled in SEC Lawsuit Engage Wachtell for Defense

Coinbase has reportedly hired the renowned law firm Wachtell, Lipton, Rosen & Katz to represent them in their ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), as reported by Fox Business. The SEC is investigating whether Coinbase's lending products constitute unregistered securities offerings. Wachtell is known for its expertise in complex litigation and has represented several high-profile companies in the past. The firm's involvement in the Coinbase and ConsenSys cases suggests that both companies are taking the SEC's investigation seriously. Previously on 25 April 2024: Coinbase reportedly hired Wachtell, Lipton, Rosen & Katz to defend against the SEC's investigation into its lending products. This move signals the company's commitment to vigorously defending itself against the allegations.

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