The case can be closed between SEC and Coinbase soon. The news, which was reported by the internal sources and confirmed by the legal coinbase team, represents an important turning point in the battle between the exchange of cryptocurrencies and the main American financial organizer.
Coinbase and battle with SEC
Coinbase, one of the most important cryptocurrencies in the world, is being prosecuted by SEC in June 2023 on charges of working for unregistered securities.
The organizational body claims that the platform has provided services that are not complied with federal regulations on financial tools, although Coinbase had allowed it to the public in April 2021. Brian Armstrong, CEO of Coinbase, has repeatedly confirmed that the organizational approach is not consistent with the Securities and Stock Exchange Committee , Calling for more clarity in the encryption sector.
After months of legal battles and pressure from companies and representatives of the encryption sector, it appears that the Supreme Education Council is now tending to close the procedures.
According to the tweet I published Tier10k The account is said that the decision is about to end, with the initial approval of the SEC employees and is awaiting the final approval of the commissioners. If this is confirmed, this development will represent a victory not only for Coinbase but for the entire encryption sector, and it is often subject to unclear regulations and conflicting interpretations by the organizational authorities.
The effects of the encryption sector
The closure of the issue can indicate a change in the approach by the organizer, perhaps in response to the increasing political and economic pressure to create a clearer and more favorable regulatory framework.
Moreover, this decision can affect other similar actions, such as those against Binance and other central cryptocurrency exchange platforms.
If the Securities and Stock Exchange Commission to mitigate its location, the encryption companies may benefit from organizational stability, and to encourage new investments and developments in the sector.
Coinbase looks forward to the future
After a period of strong uncertainty, Coinbase can now focus on its global growth and expansion without the burden of legal battle with the main American organizer.
The company has already announced plans to expand its services and enhance its presence in international markets, while benefiting from the development of regulations in the countries most suitable for the encryption sector, such as the European Union and Singapore.
A possible closure of the issue of enforcement against Coinbase It represents an important step in organizing encrypted currencies in the United States. If confirmed, the decision will determine a victory for exchange and a positive signal for the entire sector, which has long been calling for clearer and more consistent rules.
It remains to see whether this change in the situation by the Supreme Education Council will be translated into a more balanced approach to encrypted currencies or if that will be an isolated condition. However, for Coinbase and Crypto Market, this news can represent a new start.
