A federal judge in Michigan, Judge Shalina Kumar, denied Coinbase’s motion to block state enforcement of sports event contracts in a Thursday ruling. In her decision, the judge described Coinbase’s legal arguments as « applesauce, » a colorful dismissal of the company’s position. Coinbase had sought to invoke the « major questions doctrine » to shield itself from state enforcement actions. This ruling represents a setback for one of the cryptocurrency exchange’s legal strategies.
Source: Read the original article
