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BitcoinSistemi 2025-02-14 22:49:05

BREAKING: SEC Says Lawsuit Against Coinbase May End – Hot Moments

BREAKING: SEC Says Lawsuit Against Coinbase May End – Hot Moments

According to the Wall Street Journal, the SEC has signaled that its lawsuit against Coinbase may be coming to an end. The SEC said in a court filing today that ongoing negotiations could lead to a resolution of its 2023 lawsuit against Coinbase, which seeks to implement regulatory compliance similar to that of traditional exchanges and brokerages. The lawsuit, along with others targeting major crypto firms, has been met with strong resistance from the industry, which argues that current Wall Street regulations are unsuitable for digital assets. The shift comes as the Trump administration pushes for a more crypto-friendly regulatory approach. Last month, President Trump directed federal agencies, including the SEC, to propose a new oversight framework for digital assets. The SEC acknowledged that its changing stance could “facilitate potential resolution” of the lawsuit against Coinbase and requested a 30-day extension from the Manhattan-based appeals court to consider Coinbase’s arguments. The SEC made a similar request in its lawsuit against Binance earlier this week, signaling that it would be reevaluating its enforcement strategy more broadly under the new administration. The news coincides with Coinbase’s strong fourth-quarter earnings report on Thursday, which showed revenue and profit growth from a year earlier. The company benefited from a post-election rally fueled by investor optimism about a potential “crypto golden age” under the Trump administration. *This is not investment advice. Continue Reading: BREAKING: SEC Says Lawsuit Against Coinbase May End – Hot Moments

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