Coinbase's chief legal officer Paul Grewal announced that the SEC intends to dismiss its lawsuit against the cryptocurrency exchange, indicating a shift in regulatory stance towards cryptocurrency in the U.S., especially under the new approach inspired by Donald Trump. The SEC had previously accused Coinbase of operating illegally and depriving investors of critical protections. The former SEC Chair, Gary Gensler, highlighted the importance of compliance, suggesting Coinbase's actions posed risks to investors. The unfolding situation signifies potential regulatory changes and a more favorable environment for Coinbase moving forward.
The SEC's legal action against Coinbase accused it of operating as an unregistered exchange, but a recent shift suggests a resolution as regulations evolve.
Former SEC Chair Gary Gensler criticized Coinbase's operations, accusing it of flouting rules designed to protect investors from financial risks.
Collection
[
|
...
]