Coinbase announced that the SEC is dropping its lawsuit against the company with prejudice, potentially marking a shift towards friendlier crypto regulations under the Trump administration. The SEC had claimed that Coinbase was operating as an unregistered exchange, but Coinbase defended itself by arguing that SEC guidelines on cryptocurrencies were not clear. CEO Brian Armstrong stated that the legal battle cost the company about $50 million, emphasizing his commitment to safeguarding the crypto industry. He also highlighted the need for clear crypto legislation in the US to maintain global competitiveness.
The SEC has agreed to drop its case against Coinbase with prejudice, signaling a potential shift in regulatory stance under the Trump administration.
Armstrong mentioned that litigation against the SEC was costly, but he felt it was necessary to protect the future of the crypto industry in America.
Coinbase CEO Brian Armstrong expressed the necessity for clear legislation on crypto in the US to ensure competitiveness with other nations.
Despite the legal victory, Armstrong stressed the importance of further legislative efforts to secure favorable regulations for the crypto industry.
Collection
[
|
...
]