Coinbase says the Securities and Exchange Commission has agreed to dismiss its case against the cryptocurrency platform, pending commission approval
The company says the commission will vote on a deal negotiated by staff to abandon the enforcement case at the core of the agency's previous crypto stance.
"And after millions in legal costs and fees, countless employee hours, and years of protracted litigation, we have successfully protected our customers’ rights, and held the SEC accountable," Coinbase said Friday.
The U.S. Securities and Exchange Commission (SEC) is poised to drop its lawsuit against Coinbase (COIN). This bullish news has caused COIN
More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms' IPOs in the U.S.
A top executive at Coinbase Global Inc. said Friday the Securities and Exchange Commission has withdrawn an enforcement action against the cryptocurrency platform, a move the executive lauded as a “victory not just for Coinbase,
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