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BitcoinSistemi 2025-02-21 13:53:12

Major Development in Coinbase-SEC Case! SEC About to Sign a Decision That Will Deeply Affect the Crypto Market! Here Are the Details

The U.S. Securities and Exchange Commission (SEC) is set to drop its lawsuit against Coinbase, marking a major shift in the agency’s approach to cryptocurrency regulation. SEC Drops Coinbase Case According to Coinbase Chief Legal Officer Paul Grewal, the SEC will soon vote on a deal negotiated by its staff to dismiss the enforcement case with prejudice, a move that would permanently close the regulator’s allegations of securities violations. “It’s a great day for Coinbase, yes, but it’s also a great day for crypto in America,” Grewal said in an interview. “We won; they lost.” SEC's Coinbase Case: A Turning Point for Crypto The SEC's lawsuit against Coinbase, the largest U.S.-based crypto exchange, was seen as a test case for how the agency would regulate digital assets. The SEC had accused Coinbase of operating as an unregistered broker, clearinghouse and exchange and argued that cryptocurrencies listed on the platform qualify as securities under the Howey Test. If the commission formally votes to drop the case, it could set a precedent for other crypto firms facing similar enforcement actions. The SEC, currently led by Acting Chairman Mark Uyeda under President Donald Trump, is quickly reversing many of its previous anti-crypto stances. Uyeda and Republican Commissioner Hester Peirce, who leads the agency’s new Crypto Task Force, have long advocated for a more favorable regulatory framework. The SEC's latest moves include: Withdrawing its application to expand the definition of crypto “sellers” under SEC rules. Shifting enforcement from crypto-specific cases to a broader focus on emerging technologies. To halt its lawsuit against Binance, another major crypto exchange facing SEC scrutiny. What Will Happen Next? The SEC’s vote, which could take place next week, will be closely watched across the crypto industry. Commissioner Caroline Crenshaw, a Democrat and known critic of the industry, could oppose the decision, but Uyeda and Peirce are expected to push it. *This is not investment advice. Continue Reading: Major Development in Coinbase-SEC Case! SEC About to Sign a Decision That Will Deeply Affect the Crypto Market! Here Are the Details

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