SEC reflects the training course on the case against Coinbase where the United States rid the TRADINGVIEW NEWS

It seems that the American organizers reduce their position on the encrypted currency under the pro -profit Trump administration. The Securities and Stock Exchange Committee (SEC) just agreed to reject a lawsuit against Coinbase. This development, announced by the Stock Exchange, represents a great victory for exchange, after the increasing audit in the previous administration.

“SEC employees in principle agreed to reject the issue of its illegal enforcement against Coinbase, taking into account the approval of the Commissioner – there is a big mistake. We have always confirmed that we were right in facts and law, and today’s announcement confirms that this issue should not have been submitted in the first place the first “.

A long and costly legal battle

The lawsuit, which was accused of Coinbase of working as an unregistered securities medium, was a pivotal point in the broader regulatory battle between the American encryption companies and the American authorities.

The lawsuit against Coinbase, which was presented in June 2023, was part of a broader campaign in the coded currency. The agency has sought to classify many encryption companies and their services as securities related companies that require registration.

Brian Armstrong, CEO of Coinbase, stressed the importance of the Securities and Stock Exchange’s reflection, saying: “If this continues, this is really great, not only for us, but for the entire encryption industry. 50 million Americans carry encryption, and I think it is for the rest The world is because this is an important indication about the place of things. “

Coinbase, which was announced in April 2021 after the SEC approval, argued that her business model had been unchanged and that the lawsuit was unjustified.

Coinbase has long maintained that the SEC case was unjustified and political motives. “What changed during these two years was the political leadership in the Supreme Education Council,” Coinbase said. “In her war against encryption, she acted as if it were above the law, as she raped the authority of Congress as stipulated in the constitution.”

The Stock Exchange criticized the Supreme Council of Education’s approach, on the pretext that the uncertainty has suffocated innovation and put unnecessary financial burdens on the companies operating in space. Millions have been in legal costs, extensive employees and years of litigation this battle, which confirms the need for clearer legislative frameworks.

It appears that the latest declaration has strengthened the prices of many encrypted currencies. At the time of publication, Bitcoin was approaching 100,000, trading $ 98,674, and it represents an increase of 1 % and 1.3 % a day and last week, according to Coinmarketcap. Early this year, the Federal Appeal Court ruled in favor of Coinbase, which led SEC for refusing to create clear regulations for the encrypted currency.

Source: CoinmarketCap

Manufacture

While the separation of the lawsuit is a major victory in Coinbase, its broader impact on the industry is more prominent. The company believes that this result enhances the need for long -term legislative clarity to ensure the United States remains a competitive economy in the global encryption economy.