US SEC Agrees To Drop Lawsuit Against Coinbase – Crypto News – Crypto News
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Is Coinbase Vs SEC Lawsuit Ending? US SEC Seeks 30-Day Extension Is Coinbase Vs SEC Lawsuit Ending? US SEC Seeks 30-Day Extension

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US SEC Agrees To Drop Lawsuit Against Coinbase – Crypto News

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Coinbase has revealed that the US SEC has agreed to drop the long-running legal battle against the top crypto exchange. This represents a massive development in the Commission’s move to create a regulatory-friendly environment for the crypto industry.

US SEC To Drop Lawsuit Against Coinbase

In a press release, Coinbase revealed that the US SEC staff has agreed in principle to dismiss its “unlawful enforcement” case against the crypto exchange, subject to Commissioner approval. The top crypto exchange highlighted how this move rights a “major wrong.”

Coinbase noted that it has always maintained that it was right on the facts and the law and that today’s announcement confirms that the US SEC should have never filed this case in the first place.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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