Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal

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Judge Failla could give significant momentum to either side when she rules on the motion – probably not this week, but within the next couple of months. She'll either land in the camp of fellow SDNY Judge Analisa Torres, who ruled – also in summary judgment – that the SEC strayed in some of its claims about XRP being a security in the case against Ripple, or Judge Jed Rakoff, who just gave the SEC a win in its action against Terraform Labs.

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