Coinbase SEC president claims to drop an encryption suit
Cryptocurrency Exchang Coinbase claimed that the US Securities and Stock Exchange Committee (SEC) plans to drop a lawsuit against the company.
In 2023, the American organizer claimed that Coinbase has violated the laws by providing investments subject to their rules, without proper registration.
Its president, Brian Armstrong, said in a publication on Friday that an “agreement” has been reached with the organizer’s employees to reject the legal procedure that will not see any fines or make any changes to how he works, when confirming it.
A SEC spokesman rejected the comment.
The company’s lawsuit was accused of working illegally in the United States, by taking services for being an exchange and control and the clearing agency without registering for these jobs, as required by law.
She said the stock exchange was also providing the encryption assets it considered “unregistered securities.”
“At least 2019, Coinbase has made billions of dollars that illegally facilitate the purchase and sale of Asset Securities,” He said in June 2023.
The organizer said that this means that people who buy or sell these financial products are deprived of “great protection”.
It formed part of a broader campaign on the cryptocurrency companies that President Donald Trump pledged unlike if he was elected during his 2024 campaign.
Mr. Armstrong said that writing on Sterong, the potential separation of the supreme council of education council – which was not confirmed by the organizer – was “greatly justified.”
He thanked President Trump for winning the elections and praised the “encryption voter” role in helping to secure his victory.
“I want to shout to all encryption holders in the United States who elected pro -Rabat candidates on both sides of the corridor, to ensure that your rights are preserved,” books.
“It turned out that the encryption voter was real, and he appeared in millions.”
He also went out to former SEC SEC Speaker Gary Ginserner, who led strict enforcement procedures against encryption exchanges until he stepped down in January.
Mr. Jinsler earlier made a similar case against Binance, the world’s largest stock exchange that allows traders to buy and sell digital assets, Who was recently granted a 60 -day stand by the Supreme Education Council amid US regulations.
Trump also sought to attract encryption companies and investors during his campaign By saying that he will shoot Mr. Jinsler on “The First Day” of his presidency.
Paul Groal, the Coinbase’s chief legal official, wrote that “there will be no compromise or solution- a mistake will be simply made.”
“We will not stop fighting until we have the clear rules needed to enable the industry to really prosper in the United States,” he said, Eching, Ermstrong’s invitation to help strengthen the encoded currency sector.
“We look forward to working with Congress and SEC employees at this next stage of progress,” he added.