Coinbase 取得法律胜利：法院驳回证券违规指控

Coinbase 在一场重大法律纠纷中获胜，美国第二巡回上诉法院裁定，该加密货币交易所在其二级加密货币销售中并未违反《证券交易法》法律。法院驳回了 Coinbase 出售未注册证券的指控，没有发现任何证据表明该公司转让了证券的所有权或招揽客户以获取个人经济利益。

Coinbase Secures Major Legal Victory: Court Dismisses Allegations of Securities Law Violations

Coinbase 取得重大法律胜利：法院驳回违反证券法的指控

New York, USA - In a significant legal development, the United States Court of Appeals for the Second Circuit has ruled in favor of Coinbase, the nation's largest cryptocurrency exchange, dismissing allegations that it violated the Securities Exchange Act of 1934. The ruling represents a major win for Coinbase and provides clarity on the legal status of secondary cryptocurrency sales.

美国纽约 - 美国第二巡回上诉法院做出了有利于美国最大加密货币交易所 Coinbase 的裁决，驳回了有关其违反 1934 年《证券交易法》的指控，这是一项重大的法律进展。该裁决代表了Coinbase 取得了重大胜利，并明确了二级加密货币销售的法律地位。

Origins of the Lawsuit

诉讼的由来

The lawsuit stemmed from allegations filed by three plaintiffs, Louis Oberlander, Christopher Underwood, and Henry Rodriguez, who accused Coinbase of selling unregistered securities between 2019 and 2022. The plaintiffs argued that Coinbase's actions violated the Securities Act of 1933 and the Securities Exchange Act of 1934.

该诉讼源于三名原告路易斯·奥伯兰德（Louis Oberlander）、克里斯托弗·安德伍德（Christopher Underwood）和亨利·罗德里格斯（Henry Rodriguez）提出的指控，他们指控 Coinbase 在 2019 年至 2022 年期间出售未注册证券。原告认为 Coinbase 的行为违反了 1933 年《证券法》和《1933 年证券交易法》。 1934年。

Court's Ruling

法院裁决

After reviewing the evidence, the Second Circuit Court of Appeals concluded that Coinbase did not violate the Securities Exchange Act. The court found that Coinbase did not transfer title of the securities directly to buyers nor did it solicit customers to purchase securities for its own financial gain.

在审查证据后，第二巡回上诉法院得出结论，Coinbase 没有违反《证券交易法》。法院认为，Coinbase 没有将证券的所有权直接转让给买家，也没有为了自身的经济利益而招揽客户购买证券。

Furthermore, the court rejected the plaintiffs' argument that Coinbase's revised User Agreement in December 2021 constituted evidence of control over security tokens. The court found that the updated agreement did not contradict earlier complaints and provided no solid basis for claiming that Coinbase held direct title or solicited sales in a manner that violated securities regulations.

此外，法院驳回了原告的论点，即 Coinbase 在 2021 年 12 月修订的用户协议构成了对证券代币的控制权的证据。法院认为，更新后的协议与之前的投诉并不矛盾，并且没有为声称 Coinbase 拥有直接所有权或以违反证券法规的方式招揽销售提供坚实的依据。

Dismissal of Exchange Act Claims

驳回《交易法》索赔

The court also dismissed the plaintiffs' Exchange Act claims, finding that each token transaction did not constitute a separate contract-breaking party. The court pointed to the Coinbase User Agreement, which it stated did not support the plaintiffs' arguments.

法院还驳回了原告根据《交易法》提出的索赔，认为每笔代币交易并不构成单独的违约方。法院援引了 Coinbase 用户协议，称该协议不支持原告的论点。

Partial Remand for State Law Claims

州法律索赔部分还押

However, the court did remand the case to the district court for further consideration of state law claims. The court held that these claims were not properly dismissed under the Class Action Fairness Act of 2005.

然而，法院确实将案件发回地区法院，以进一步考虑州法律索赔。法院认为，根据 2005 年《集体诉讼公平法》，这些索赔并未被适当驳回。

Implications for the Cryptocurrency Industry

对加密货币行业的影响

The ruling bodes well for the cryptocurrency industry, providing a clearer legal framework for secondary cryptocurrency sales. It suggests that courts may be willing to differentiate between legitimate cryptocurrency exchanges and those engaged in fraudulent or unlawful activities.

该裁决对加密货币行业来说是个好兆头，为二级加密货币销售提供了更清晰的法律框架。这表明法院可能愿意区分合法的加密货币交易和从事欺诈或非法活动的交易。

Coinbase's Response

Coinbase 的回应

Coinbase welcomed the court's decision, stating that it "affirms our longstanding belief that we are not violating any securities laws." The company expressed confidence that it will prevail on the remaining state law claims.

Coinbase 对法院的裁决表示欢迎，称其“证实了我们长期以来的信念，即我们没有违反任何证券法”。该公司表示有信心在剩余的州法律索赔中获胜。

Conclusion

结论

The Second Circuit Court of Appeals' ruling is a significant legal victory for Coinbase and provides much-needed clarity on the legal status of secondary cryptocurrency sales. The ruling affirms Coinbase's compliance with federal securities laws and sets a precedent for the cryptocurrency industry as a whole.

第二巡回上诉法院的裁决是 Coinbase 的重大法律胜利，并为二级加密货币销售的法律地位提供了急需的明确性。该裁决确认了 Coinbase 遵守联邦证券法，并为整个加密货币行业树立了先例。