SEC DROPS COINBASE lawsuit as a CRYPTO work force
The US Securities and Stock Exchange Committee (SEC) rejected a lawsuit against Coinbase, which represents a major transformation in its approach to organizing the encrypted currency industry.
The move comes at a time when the agency launches the encryption workplace, which aims to develop a clearer regulatory framework for digital assets. While the decision does not evaluate the advantages of the issue, it indicates the restoration of potential policy under the new administration.
SEC pulls the Coinbase case
SEC’s decision to drop civil enforcement procedures against Coinbase follows years of organizational uncertainty in the encryption sector. In 2023, the lawsuit was accused of exchanging the facilitation of unregistered securities trade and its failure to comply with the agency’s regulations.
However, Coinbase emphasized that encrypted couples do not meet the legal definition of securities, a large -scale position in this industry.
“Over the past few years, the committee’s opinions have been expressed largely through enforcement procedures without the involvement of the general public,” said acting chief Mark T. Uida. “It is time for a committee to correct its approach and develop the encryption policy in a more transparent way. The encryption squad is designed to do so.”
The chapter is in line with wider changes in the Supreme Education Council after President Donald Trump returns to his post. The agency has begun to reconsider its enforcement strategies, especially in cases where the SEC bases are claimed without engaging in fraud.
🚨 Now: Donald Trump signs an executive order to help make “America the world of encryption”. pic.twitter.com/ueljcdvgeb
Organizational transformation under a new administration
Legal experts expected settlements in such cases, but explicit separation operations are still unprecedented. In addition to the Coinbase case, a separate lawsuit was stopped against Binance, an other major encoding exchange, temporarily.
The new SEC position proposes in preparation for the reassessment of its organizational approach under the Republican leadership, especially with Paul Atkins-a well-known friend of the friend for encryption-expected to take the agency’s head.
Despite the SEC decision, it confirms that the separation does not indicate a broader policy on other encryption cases. The agency repeated its commitment to abandon fraud within the industry through the e -technologies unit.
However, the launch of the Crypto Business Squad indicates that future organizational efforts will give priority to clarity and general participation in the first enforcement tactics.
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