Coinbase says SEC has agreed to drop enforcement case
Headline from UPI
Coinbase said Friday that the Securities and Exchange Commission has agreed in principle to drop a federal lawsuit that charged the company with illegally selling securities.
UPI's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Top digital currency platform Coinbase said on Friday that federal regulators will toss a lawsuit brought during the Biden administration that sought to tighten its grip on crypto assets.
The largest U.S.-based cryptocurrency exchange said Friday the Securities and Exchange Commission would drop its lawsuit against them, a signal to the broader crypto industry that the Trump administration plans to take a friendlier approach to it.
Coinbase said Friday that the Securities and Exchange Commission has agreed in principle to drop a federal lawsuit that charged the company with illegally selling securities.
Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications for the crypto industry. It comes as the new Trump administration has promised to deregulate digital currencies like bitcoin.
Coinbase has announced that the SEC under President Trump has put an end to legal actions regarding an allegation that the company ran an unregistered security exchange. The commission still has to put it to a vote.
Coinbase says SEC has agreed to drop enforcement case | Since Then