The federal judge must now weigh what a Coinbase lawyer characterized as "a pure question of law," and her answer could have big consequences on the crypto sector.
A federal U.S. judge will hear arguments about whether or not to toss the case based on legal arguments that the regulator was in the wrong when it sued the exchange.
Three men allegedly used foreign crypto exchanges to launder the proceeds of a scheme that targeted nearly a dozen financial institutions in the New York metro area.
The testimony of the two FTX insiders could be damning for Bankman-Fried as he fights criminal charges, according to Ian McGinley, a partner at Akin Group.