The US Securities and Exchange Commission removed its lawsuit at the Crypto Exchange Coinbase in February. 27, out of filings, finishing the case permanently.
The SEC said it would voluntarily remove all the proceedings tied to the Coinbase and Coinbase Global with prejudice, which included the removal from the first June 2023 law and its request for an interlocutory appeal to the US Court of Appeals, a PEB court. 27 File Shut up.
It came after two parties announced by an agreement To end the legal dispute with Feb. 21.
Source: Inner press of the city
The SEC said that “the dismissal will facilitate the commission’s ongoing efforts to change and change the regulation approach to the crypto industry.”
Under the former commission led by Gary Gensler, the SEC has adopted a strict regulatory approach-by implementing the crypto, which has seen Coinbase and other heavyweights in the industry hit in unexpected suits.
“It is time for the commission to correct its approach and develop a crypto policy in a clearer way,” said SEC Mark Uyeda.
One day after US president Donald Trump in January 20, the SEC established A Crypto Task Force Led by SEC Commissioner Hester Peirce to support the new approach.
The SEC’s decision to overthrow Coinbase’s laws Robinhood, Gemini, Gemini, The uzz and Opensea In the past week.
Related: SEC, Justin Sun asked Judge to remain case to explore the resolution
Coinbase is Filed by Sec In June 2023 allegedly Coinbase was never registered as a broker, national security exchange, or agency, while also citing the crypto platform avoiding disclosure requirements.
The SEC said Coinbase was listed in a dozen crypto tokens considered security, including Solana (Sol), Cardano (Ada), Poligon (Pol) and Filecoin (Fil).
Coinbase, led by chief legal official Paul Grewal, strongly opposed the lawsuit from the beginning, recognizing it as a overreach of regulation While the commission was signed for filing a suit after Approval of a public list of company At the NASDAQ Stock Exchange in April 2021.
