After a year and a half of legal battle, Coinbase informed that the Securities and Exchange Commission (SEC) was about to abandon its prosecution. This could mark a turning point in regulation in the United States.
The dry grants an important victory in Coinbase
In June 2023, the Securities and Exchange Commission (SEC) attacked Coinbase through a complaint. While the exchange of cryptocurrencies has continued to proclaim its legitimacy until then, it is now on the verge of obtaining a major victory.
And for good reason, SEC is preparing to abandon its prosecutionand it is with these words that Brian Armstrong, CEO of Coinbase, started his ad:
Today is a very good day, because the SEC employees informed us that they planned to withdraw their complaint against Coinbase. For the moment, it still has to be approved by the drying agents, but we hope it will take place next week.
This news must therefore still be welcomed with a certain caution, but this turn seems logical with regard to the radical change of posture of the federal agency since January 20. From then on, The dry had suggested that certain proceedings could be abandonedand that also echoes the recent query to put the dispute against Binance on a break for 60 days.
👉 On the same subject – Coinbase calls on the American Congress to “act quickly” for Crypto regulation
Now, it is therefore a question of waiting for a few more days in order to have the official verdict of the dry, which could constitute a turning point in the way in which it apprehends the ecosystem of cryptocurrencies.
Despite this very positive announcement, let us emphasize that Coinbase's action lost almost 8.3 % on the stock marketduring the Friday session.
Coinbase: Register on the most famous Crypto exchange in the world
Source: X
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
1619 articles
