In a pioneering development, the Securities and Exchange Committee He agreed to drop the case against CoinbaseWaiting for the approval of the agents in the agency. This can be a major legal victory for the cryptocurrency industry.
SEC will soon vote in the United States on a deal with Coinbase to end its legal case against the Crypto exchange, according to the senior lawyers in Coinbase. “The war against Crypto, at least as it applies to Coinbase, has ended,” said Paul Groal, Coinbase’s chief official in an interview.
The next vote can be a major turning point. If the deal is approved, the issue will not only end against Coinbase, but it is also possible that other encryption companies will help avoid similar legal problems. Moreover, since the deal will reject the case “with bias”, this means that SEC’s accusations of coin against Coinbase will be permanently rejected.
Under the leadership of President Trump, the Securities and Stock Exchange Authority quickly turned its approach to organizing the world of encryption. The agency has established a special business squad and decreased previous accounting instructions for Crypto. SEC focus is now on building a strong and comprehensive organizational framework to ensure that digital assets will flourish in a responsible way.
“We still have a job to do and we cannot lift our eyes from the ball. Legislation is crucial to ensure that this type of illegal behavior does not happen again. We will not stop fighting until we have the clear rules necessary to enable the industry to really prosper in the United States.” Paul Ghroul participated in response to the news.
