CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2025-02-21 14:06:11

Coinbase CEO Boasts About SEC Lawsuit Dismissal – Is Ripple Next?

Shortly after the lawsuit pause between the SEC and Binance, the US regulator is planning to withdraw its litigation against another crypto exchange giant – Coinbase. The decision to fully dismiss the case still has to be approved by the Commission, but Armstrong believes it will be done as early as next week. Coinbase Lawsuit End? The hostile Biden administration, led by Gensler’s SEC, went after numerous crypto companies in the past few years, especially following the loud demise of FTX. In the summer of 2023, the country’s securities regulator launched numerous lawsuits against digital asset companies, including two back-to-back litigations against Binance and Coinbase . The former’s case was paused a few weeks ago, and earlier today, Coinbase’s CEO, Brian Armstrong, celebrated an upcoming resolution for their own lawsuit. He said on X that after “years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country, we reached an agreement with SEC staff to dismiss their litigation against Coinbase.” The exec noted that the decision has to be approved by the Commission, but he had received internal information that this could occur next week. Once that becomes official, it would mark the case’s full dismissal, with “$0 in fines paid and zero changes to or business.” “They were exceeding the authority given to them by Congress by asking us to delist a number of assets that were not securities. We had taken a conservative approach to ensure we weren’t listing any securities, and the SEC itself had allowed us to go public in 2021 after reviewing our listing standards in depth,” continued Armstrong. Coinbase’s leader also gave credit to the Trump administration for winning the 2024 presidential elections, as well as for the “departure of the activist head of the SEC, Gary Gensler, who orchestrated this unlawful action along with Elizabeth Warren, and a handful of their lackeys in Congress.” Can Ripple Benefit Next? The upcoming end to the Coinbase lawsuit, as well as the good news for Binance, brought hope to the XRP army. Many X users questioned whether the SEC’s longest lawsuit against a big crypto company could also end soon. Recall that the regulator sued Ripple back in December 2020, and the case is still open, even though the latter secured some vital wins in the past few years. For now, though, there’s no actual information suggesting that the lawsuit between the SEC and Ripple will be dismissed or even paused anytime soon. The post Coinbase CEO Boasts About SEC Lawsuit Dismissal – Is Ripple Next? appeared first on CryptoPotato .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta