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Coinbase boss claims SEC will drop crypto lawsuit
The SEC's 2023 lawsuit formed part of a crackdown on crypto firms which President Trump pledged to reverse.
Its lawsuit accused the firm of operating illegally in the US, by taking on the services of being an exchange, broker and clearing agency without registering for those functions, as required by law. "We won't stop fighting until we have the clear rules needed to enable the industry to truly thrive in the United States," he said, echoing Mr Armstrong's call for legislation to help boost the cryptocurrency sector. Its boss Brian Armstrong said in a post on X on Friday that "an agreement" had been reached with the regulator's staff to dismiss the legal action which would see it pay no fines or make any changes to how it operates, when confirmed.
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