SEC rejects the lawsuit against Cripto Exchange Coinbase

The American Securities and Exchange Commission rejected its lawsuit with CRIPTO Exchange Coinbase 27. February, the emission of subparagraphs, ended the case permanently.

Sex agreed to voluntarily release all coins related to Kohan and Taverns Global with prejudices, including withdrawal from his initial June 2023. and his application for the appeal of the Appeals Court in February 27 showing.

Comes after two parties announced an agreement to complete the legal dispute of 21. February.

Sex said that “resolution will facilitate the current efforts of the Commission to reform and restore its regulatory access to the crypto industry.”

Under the former commission Led Geri Gensler, SEC adopted a strict regulation of access to Kruptou, which saw a tavern and the second heavy weight industry Hit unexpected lawsuits.

“It’s time for the Commission to end his approach and develop crypto policy in a more transparent way,” said the acting chair, Mark Uieda.

One day after US President Donald Trump opened 20. January, SEC founded a CRIPTO WORKING GROUP He was led by the SEC Hester Peirce Commissioner to support this new approach.

The SEC decision to fall on the coincer, followed earlier than the consensus, Robinhood, Gemini, Uniswap and Opense During the last week.

Related: Sex, Justin Sun seeks judge to remain the case to explore the resolution

The coin was sued for the sector In June 2023. Which is alleged that the coin has never registered as a broker, national exchanges, or clearing agency, and at the same time, citing the CRIPTO platform has avoided disclosure conditions.

SEC allegedly that coin listed through a dozen crypto tokens, considered securities, including Solana (Salt), Cardano (Ada), Polygon (Gender) and FileCoin (Consoling).

Konobase, led by her chief legal officer Paul Graval, strongly opposed the litigation from the beginning, characterizing it as Regulatory transmission While leases the Commission to submit a suit after Approval of the public list of the company At Native’s stock exchange in April 2021. years.

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