Brian Armstrong says coinbase spent a fight against $ 50 million – and beat him

Coinbase on Friday said Sex agreed to fall against the company against the company with prejudice, which means it could not be submitted again.

The move, which is still susceptible to the approval of the SEC, another signal that Trump administration plans to be friendly to crypto, but was under the former Leader Gary Gensler.

Lyrics lawsuitsubmitted in 2023. year, states that the crypto funds were securities and that the coin acted as “unregistered national securities, broker and clearing agency”.

The coin struggled back, quarrel, Partly, that SEC did not establish sufficient clear rules concerning the crypto to violate them.

“I remember it was 2023. A lot of people counseling about it and they said,” Don’t deal with the Land with Sec. It will cost you tens of millions of dollars, ‘” Ceinbase Brian Armstrong said He published in the video in KS on Friday announcing that the suit was rejected. In the video, Armstrong also stated allegations of Motivation and Tactics Sec.

Armstrong said he was fighting because he believed himself saves the crypto industry in America.

“It’s not what many other companies had deep pockets as we did,” he said. “And in the end, we had to spend $ 50 million to defend this case” – proves that Naisaiers is the right to how much would be a fight.

The waiter spokesman clarified that this amount was strictly involved External legal feesNo employee time.

An obvious legal victory in Coinbase aside, Armstrong said that he still believes that American needs “to get legislation for CRIPTO” to codify favorable regulations or risks to go behind other nations.