US securities regulator files to dismiss Coinbase lawsuit under crypto-friendly Trump
The U.S. Securities and Exchange Commission (SEC) has filed to dismiss its lawsuit against Coinbase, the largest U.S. cryptocurrency exchange. This move effectively ends a legal battle that began in 2023, signaling a potential shift in regulatory approach under President Donald Trump.
The SEC's initial lawsuit alleged that Coinbase violated agency rules by facilitating trading in at least 13 crypto tokens that the SEC considered unregistered securities. The lawsuit also targeted Coinbase's "staking" program. Coinbase countered that crypto assets don't meet the definition of an investment contract, a view widely held in the crypto industry. The dismissal follows a similar pause in the SEC's lawsuit against Binance, suggesting a broader reassessment of crypto regulation following the establishment of a new crypto task force under the Trump administration.
via SCMP Full Text Feed
The U.S. Securities and Exchange Commission (SEC) has filed to dismiss its lawsuit against Coinbase, the largest U.S. cryptocurrency exchange. This move effectively ends a legal battle that began in 2023, signaling a potential shift in regulatory approach under President Donald Trump.
The SEC's initial lawsuit alleged that Coinbase violated agency rules by facilitating trading in at least 13 crypto tokens that the SEC considered unregistered securities. The lawsuit also targeted Coinbase's "staking" program. Coinbase countered that crypto assets don't meet the definition of an investment contract, a view widely held in the crypto industry. The dismissal follows a similar pause in the SEC's lawsuit against Binance, suggesting a broader reassessment of crypto regulation following the establishment of a new crypto task force under the Trump administration.
via SCMP Full Text Feed
