The judge made his decision in the SEC Coinbase case. The judge in the case rejected the SEC's claim that the Coinbase wallet was an unregistered broker.
The judge also ruled that Coinbase's Staking Program likely constituted an investment contract, meaning it could be viewed as offering unregistered securities.
So, while the court sided with the SEC on the Staking Program Matter, it sided with Coinbase on the SEC's Wallet-Related Claims.
The judge also rejected Coinabase's decision to dismiss the case.
The case will continue to be heard.
After the news, Bitcoin price reacted.
