Policy & Regulation

SEC Agrees to Dismiss Coinbase Case. Is Ripple Next?

Published

8 months ago

February 23, 2025

DCS Team

Credit : cryptonews.net

The US Securities and Change Fee (SEC) has in precept agreed to reject the Coinbase case.

“After years of a lawsuit, thousands and thousands of your taxpayer {dollars} issued and irreparable harm to the nation, we now have reached an settlement with SEC -employees to reject their lawsuit in opposition to Coinbase,” mentioned Coinbase CEO Brian Armstrong in an announcement.

Based on Armstrong, that is anticipated to be a “full dismissal” with zero fines and prices.

“Whole victory”

Authorized analyst Jake Chervinsky described the result as a “whole victory” for Coinbase. “The companies nearly by no means run away from a lawsuit with out at the least extracting a facial settlement settlement,” he mentioned.

The shares of Coin have risen by greater than 4% in pre-market commerce. Bitcoin, the main cryptocurrency, has recovered the extent of $ 99,000.

Within the meantime, John Reed Stark, a former SEC officer, not too long ago predicted that the SEC in opposition to Ripple might be the next in line for dismissal.

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