The case between SEC and Coinbase could close soon. The news, reported by internal sources and confirmed by Coinbase’s legal team, marks a significant turning point in the battle between the cryptocurrency exchange and the main US financial regulator.
Coinbase and the battle with the SEC
Coinbase, one of the most important cryptocurrency exchanges in the world, is sued by the SEC in June 2023 on charges of operating as an unregistered securities exchange.
The regulatory body claims that the platform has offered services that do not comply with federal regulations on financial instruments, despite Coinbase being authorized to go public in April 2021. Brian Armstrong, CEO of Coinbase, has repeatedly emphasized the inconsistency of the SEC’s regulatory approach, calling for greater clarity in the crypto sector.
After months of legal battles and pressure from companies and representatives of the crypto sector, the SEC now seems inclined to close the proceedings.
According
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