Coinbase says SEC This accused him of illegal management of an unregistered exchange of securities. This can signal a significant change in how the US government ensures the observance of crypto -market now, when Trump is at its post. Lawsuit, It has long been considered an attempt to attract crypto-industrialism in accordance with the same rules for protecting investors that regulate shares and other securities.
Coinbase On the grounds that he did not manage the securities company, comparing the goods that he sells to baseball cards. This appeal will soon be controversial, assuming that the SEC officially votes for the deviation of the lawsuit. Field
“This is a great day for Coinbase and for Crypto,” Paul dated, chief law director Coinbase, The field “We were committed to protect him from the gates of hell, as long as it took for as much money as it took.”
Co -founder and CEO of Coinbase Brian Armstrong And he said that the company would not pay a fine. He also said that the agreement on the termination of the case celebrates the “huge day” for Coinbase and that it will lead to the “domino effect for the rest of the industry”. He also accused the original costume of “a small group of activists in this previous administration.”
This step is not a huge surprise, given the recent embrace of President Trump about Crypto. He even has his own digital coin. For this purpose, SEC Special law enforcement, which was devoted to the investigation of crypto -organization. Coinbase and her rivals During the last election cycle, to help choose crypto-friendly lawmakers. It seems that investments pay off.
The acting chairman of the SEC Mark Weyed recently stated that “It is reasonable to deploy law enforcement resources” in the investigation of crypto companies. He also said that the new target group will leave the previous approach of the commission to the crypto -market.
Republican chambers and legislators of the Senate are working on legislation, which will translate cryptocurrencies as goods, according to Wall Street JournalThis change field will probably transmit control over the crypto -actes of the commissar for commercial futures, which is a much smaller agency than the Sec. CFTC is actually less than when, now, given that the Trump administration Earlier this week.
The crypto -market, of course, favorably responds to all these news. The price of Coinbase shares has risen, and the same goes for Robinhood. The competing market of bikans even This week, which was suspended in 2023 after the SEC sued the company for violations of securities laws.
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