Coinbase says SEC staff agrees to fall against Cripto Group

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Coincas said that the staff of U.S. securities agreed to fulfill the Formal Salieve Agency against the Criptocurrent Stock Exchange, in the movement that signs a friendly approach to digital property in the Presidency of Donald Trump.

Securities and exchange office commission The staff “in principle agreed” to reject the case, which broke the Law on Securities Act. The decision is “Subject to the approval of the Commissioner”, Coin He said in his statement on Friday.

“This is a victory not only for coins, but for our customers, the United States and the freedom of the individual,” Cripto Exchange said.

The actions of the tavern rose as much as 4.4 percent shortly after opening the Vall Street bell on Friday, but it was frozen 5.2 percent lower during trading lunch.

SEC Sad coin In June 2023. he claims that he had violated the law on securities because he did not register as national exchanges of securities, a brokerage or clearing agency. This move was part of the wider regulatory crack on the Krupto Market, which also included the Agency accusing Binanca to offer unregistered securities and acts as a unregistered place.

The coins criticized the “war against the crypt’s war, claiming that the decision of the Commission is to sue two years after it was public 2021. years passed” political leadership “in the agency.

The litigation would mark the turn to turn the SEC from your attitude below Gary GenslerThe former chairman of the Agency appointed former President Joe Biden.

Gensler was branded by the Cripto Sector A “Wild west“” “Covered with fraud.” Again he released the execution structure against the CRIPTO players, stating the misconduct, which created from failure to properly register digital property to empty investors.

The Trump moved in this month this month strengthen his control Through independent federal agencies, including SEC, by signing an executive order who commands them to send a draft review regulations.

Trump on the trail of the Presidential Campaign declared his support For the cryptocurnancy industry and the CRIPTO lawyer Paul Atkins would be on the SEC.

In connection with digital means, Atkins said in Podcast 2023. year for SEC “to be there with ear to the ground, and then an activity that is not criminal, because if it causes existing costs and helps Reduce costs for investors and for people trying to collect capital, I think that’s why we have a reason why we have a reason why we have responsibility.

“While the dismissal will be a great victory for the rule of law – and a clear certificate of our position – most of all, it will be victory for the entire industry and 52 million Americans who had digital property,” said coinbase.

SEC refused to comment.