Published on January 26, 2024 19:02 GMT+00:00edited on January 26, 2024 19:04 GMT+00:00

Experts have mixed feelings on the chance that a New York judge could toss a case brought by the Securities and Exchange Commission against Coinbase. 

Last week, New York District Judge Katherine Polk Failla posed questions to both the SEC and the exchange for over four hours during oral arguments. Coinbase was sued by the SEC last year for allegedly operating as an unregistered exchange, broker and clearing agency. The regulator also took issue with Coinbase's staking and wallet services.

Coinbase has pushed back on the SEC's claims, arguing for the case to be dismissed and accusing the regulator of taking a "regulation by enforcement approach." 

Judge Failla could decide to dismiss the case, experts say. Bloomberg Intelligence senior litigation analyst Elliott Stein put the …