- Ah, the lawsuit against Coinbase may vanish like a bad dream by the end of February!
- Policy watchers, those ever-curious souls, suspect other SEC lawsuits might just follow suit!
Lo and behold! The illustrious SEC of the United States has decided to wave its magic wand and dismiss Coinbase’s lawsuit, pending a nod from the agency. Analysts, with their crystal balls, predict this marks a delightful shift from the notorious enforcement actions of yore. 🎭
Our gallant Coinbase CEO, Brian Armstrong, has proclaimed that the Commission shall bestow its approval upon us by next week. How noble! 🏰
“Once the Commission gives us the thumbs up (which we are told to expect next week), it shall be a full dismissal, with $0 in fines paid and zero changes to our business. Huzzah!”
Yet, let us not forget, dear friends, that Armstrong has not held back in his critique of the previous SEC regime under the formidable Gary Gensler. He claims that yielding to Gensler’s “bullying” would have suffocated the U.S. crypto industry. Oh, the drama! 🎭
“The SEC made it abundantly clear that the only way to escape litigation was to delist the many assets they falsely claimed were securities. A bullying tactic, pure and simple, driven by Gensler’s own political agenda!”
Behold the New Pro-Crypto SEC!
For context, this lawsuit has been a two-year-long saga, with the SEC accusing Coinbase of offering unregistered securities. They pointed fingers at tokens like Solana, Cardano, and Polygon, which were offered through the exchange. Oh, the audacity! 😲
Similar accusations were hurled at Ripple, Binance, and Kraken. In its defense, Coinbase boldly claimed that these tokens did not fit the SEC’s definition of a “security.” A valiant stand indeed! ⚔️
Now, thanks to the new SEC and the pro-crypto stance of the Trump administration, Coinbase has emerged victorious! 🎉
One of President Trump’s grand promises is to crown the U.S. as the crypto capital of the world, all while shaking things up at the SEC. Indeed, the agency has already assembled a Crypto Task Force, led by the illustrious Commissioner Hester Pierce, to bring clarity to this chaotic realm. 🕵️♂️
The withdrawal of the lawsuit against Coinbase could herald a new era, one where other enforcement actions might also be cast aside. According to the wise attorney Jeremy Hogan, Ripple’s lawsuit may soon meet a similar fate. 🕊️
Hasseb Qureshi, a Partner at crypto VC Dragonfly, has dubbed this Coinbase update as “historic.” He graciously thanked the SEC’s Acting Chair Mark Uyeda and Pierce for restoring sanity to this wild industry. Bravo! 👏
“Absolutely historic day! The siege against crypto has ended. Now it’s our turn to show the world what crypto can do once it’s unshackled!”
Echoing this sentiment, Paul Grewal, Coinbase’s legal chief, declared:
“Now the U.S. can finally return to its true calling: crafting innovative tech that improves the world!”
Read More
- EUR JPY PREDICTION
- DF PREDICTION. DF cryptocurrency
- ASTR PREDICTION. ASTR cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- Doctor Strange’s Shocking Return in Marvel’s Avengers: Doomsday Revealed!
- South of Midnight PC Requirements Revealed
- MIN PREDICTION. MIN cryptocurrency
- PlayStation Network Still Down, Here’s When It May Come Back
- POL PREDICTION. POL cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
2025-02-22 19:07