The Securities and Exchange Commission (SEC) officially announced to end its prosecution against the Coinbase Exchange. This decision, which marks a major change in the regulation of the digital asset market in the United States, could redefine the relationship between authorities and companies in the sector. What are the challenges and consequences of this abandonment of procedure?
A victory for Coinbase and the cryptocurrency industry
The case between Securities and Exchange Commission (SEC) in Coinbase, one of the largest cryptocurrency exchange platforms in the United States, officially ended. SEC announced the final withdrawal of its prosecution Against the company, ending a legal battle that has lasted since June 2023.
This decision marks a strategic reversal of the regulatory authority and may well redesign the future of cryptocurrency regulations in the United States.
👉🏻 Discover our complete presentation of the Crypto Coinbase Exchange
By continuing Coinbase, The dry accused the platform of operating as an unregistered scholarshipthus violating the federal laws on securities. The agency reproached Coinbase in particular for providing simultaneous brokerage, exchange and compensation agency services, without complining the regulatory framework in force.
However, the abandonment of charges does not mean that the dry recognizes any error in its accusations. In her official press release, she specifies that the decision to classify the case does not constitute a judgment on the substance, but aims to redirect his efforts to a clearer and transparent approach regulation of cryptocurrencies.
The president of the SEC, Mark Uyeda, stressed that this decision was aimed at “rectifying the approach of the Commission and developing a more transparent crypto policy”. A statement that contrasts with the policy adopted by former president Gary Gensler, known for his unfavorable position towards cryptocurrencies.
Coinbase: Register on the most famous Crypto exchange in the world
Towards more favorable regulation?
The end of this case could Encourage the US Congress to accelerate the adoption of laws specific to cryptocurrencies. Until now, regulatory uncertainty weighed heavily on companies in the sector, slowing down the innovation and competitiveness of the United States in the face of other jurisdictions more open to this market.
Coinbase, who actively supported candidates open to cryptos During the recent elections via his Fairshake Pac initiative, now hopes to obtain a return on investment in the form of a legislative framework more favorable to digital assets.
🗞️ The dry abandons its investigation against Gemini
The abandonment of prosecution against Coinbase is a major advance for the cryptocurrency industry in the United States. This decision is part of a series of dry reversals this weekmarked by the cessation of prosecution against other major players such as consensys, gemini, opensea and uniswap. This change of course could mark the start of a new era for the regulation of digital assets, with a more open approach to this technology.
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Maxime discovered the world of finance and very young investment before launching from the age of 18 years. His passion for financial assets and new opportunities offers him a good vision of the current economy as well as emerging trends.
Maxime Montlet
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