The sentiment towards the enforcement actions brought against Coinbase Global Inc. by the SEC is mixed in the crypto ecosystem. Some believe Coinbase has an upper hand while others think the regulator has a strong case. John Deaton, a lawyer representing users of Coinbase and Binance, is urging people not to let Coinbase speak for them and to form a coalition to have their voices heard in the case. Deaton believes his representation in the Ripple vs SEC lawsuit can make a difference in the Coinbase lawsuit as well. The outcome of the Coinbase case may be influenced by the precedent set in the Ripple case.
AI Sentiment: Neutral
