Trump effect! Big relief for Crypto giant Coinbase as SEC drops 2023 lawsuit against Cryptocurrency firm
Cryptocurrency giant Coinbase said on Friday that the SEC has agreed to drop its 2023 lawsuit against the company, signaling that the Trump administration is delivering on a campaign promise to end tight oversight of the industry.
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
The lawsuit from the Securities and Exchange Commission, Wall Street's main watchdog, had alleged that Coinbase was selling unregistered securities through its cryptocurrency trading platform.
«After years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country, we reached an agreement with SEC staff to dismiss their litigation against Coinbase,» Coinbase CEO Brian Armstrong said on X.
«Once approved by the Commission (which we're told to expect next week), this would be a full dismissal, with $0 in fines paid and zero changes to our business,» he added.
The SEC has argued for years that certain digital currencies are financial securities, like stocks or bonds, and are therefore subject to its supervision as investment products.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with
