Coinbase still faces potential regulatory challenges despite the recent court ruling that XRP is not a security. Berenberg Capital Markets believes that the Securities and Exchange Commission (SEC) has a strong case against Coinbase for offering unregistered securities. Even though Coinbase has paused its staking service in four U.S. states, it does not indicate guilt but aims to let legal proceedings continue. Berenberg warns investors that Coinbase is not yet in the clear, emphasizing the risks associated with its offerings. However, some Wall Street banks view the XRP ruling as positive for Coinbase’s defense. Coinbase has also accused the SEC of ignoring its requests for feedback on crypto rules, eliminating the possibility of a settlement.

AI Sentiment: Negative