Coinbase says Trump’s SEC has completed his case for cryptocurrency
Coinbase says SEC This accused him of illegally conducting an unregistered securities exchange. This can signal a major change in how the US government will impose a crypto market now that Trump is in service. The case, He has long been considered an attempt to bring cryptocurrency according to the same rules for the protection of investors who regulate the shares and other securities.
Coinbase On the grounds that she did not run a securities company, resembling the goods she sells on baseball cards. This appeal will soon be disputed, assuming the SEC officially voted to reject the case. S
“This is a great day for Coinbase and for Cryptocurrency,” Paul Grevel, Coinbase’s Chief Law Officer, S “We were committed to defending it at the gates of hell, as long as it took as much money as they took.”
CoINBASE CEO and CEO Brian Armstrong And he said the company would not pay a fine of all kinds. He also said the case termination agreement marks a “huge day” for Coinbase and that this would lead to “domino effect for the rest of the industry.” He also accused the original costume of a “small group of activists in this previous administration”.
https://t.co/0iy0e7mc9q Pic.twitter.com/hvsgpnpnzd
– Brian Armstrong (@BRIAN_ARMRONG) February 21, 2025
This move does not come as a huge surprise, given the recent hug of President Trump on Crypto. He even has his own digital coin. For this purpose SEC The special implementation unit dedicated to the investigation of crypto organizations. Coinbase and his rivals During the last election cycle to help choose cryptocurrencies. The investment seems to be paying off.
The chairman of the current SEC Mark Wyeda recently said that “Depress Resources to apply wisely” in a cryptocurrency investigation. He also said that a new working group will be away from the committee’s previous approach to cryptocurrency.
The legislators of the Republican House and the Senate work under legislation that would reclassify cryptocurrencies as goods according to The Wall Street JournalS This change is likely to convey the supervision of the cryptocurrencies of the Futures Trade Commission of the goods, which is a much smaller agency than SEC. CFTC is actually less than ever, considering that the Trump administration earlier this week.
The cryptocurrency market certainly responds favorably to all these news. The cost of Coinbase’s shares is increased and the same applies to slavery. Rival the Binance market even This week, which were suspended in 2023 after SEC filed a lawsuit against the company for violations of securities laws.
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