Crypto Victory: SEC Agrees To Drop Enforcement Case Against Coinbase – Details

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Bitcoinist 14h ago

Crypto Victory: SEC Agrees To Drop Enforcement Case Against Coinbase – Details - Bitcoinist

Quick Summary:

In a positive development for the crypto industry, the US Securities and Exchange Commission (SEC) plans to end its 20-month-long legal battle against crypto exchange platform Coinbase and withdraw the enforcement case, a shift from the agency’s previous “regulation by enforcement” approach.

The SEC sued Coinbase in 2023, alleging that the platform was an unregistered securities exchange.

According to Terret, the agency’s response would shed some light on how the US agency will approach crypto litigations under the new acting chair and new regulatory approach.