According to an announcement released by cryptocurrency exchange Coinbase on Friday, officials from the U.S. Securities and Exchange Commission (SEC) have in principle agreed to withdraw the lawsuit against Coinbase, pending approval from the Commission. Coinbase co-founder and CEO Brian Armstrong stated on the social media platform X:
The SEC sued Coinbase in June 2023, accusing it of violating U.S. securities laws.
Former SEC Chair Gary Gensler stepped down after the pro-cryptocurrency U.S. President Donald Trump took office. Pro-cryptocurrency former regulator Paul Atkins is expected to lead the SEC, with the appointment awaiting Senate confirmation. Coinbase commented: “We look forward to working with the SEC staff, who are ready to drive real change.”
Related report: “Acting Chair Mark Uyeda is restructuring the SEC! Announcing the establishment of a cryptocurrency task force, led by the ‘Crypto Mom.'”
Following the announcement, Coinbase rose approximately 3.5% in pre-market trading, reaching a high of $270. At the same time, Bitcoin (BTC) surpassed $99,000, continuing the upward trend that began on Wednesday. Data source:
Coinbase CEO: SEC Agrees to Dismiss Lawsuit Against Coinbase, Approval Expected Next Week
By admin
Coinbase CEO: SEC Agrees to Dismiss Lawsuit Against Coinbase, Approval Expected Next Week
Add A Comment