Common cases The Securities and Exchange Commission has agreed to Give up the law enforcement case Opposition to the company is awaiting approval from the regulatory authority’s specialist.
Coinbase shares rose 4% in listing trading.
In 2023, SEC will operate Coinbase once Unregistered stock exchange And because its encryption release program cannot be registered correctly. However, the case began under the leadership of former SEC chairman Gary Gensler. The committee is expected to take a more friendly stance on the cryptocurrency industry under current SEC chairman Donald Trump and Paul Atkins.
Coinbase Co-founder and CEO Brian Armstrong at CNBC’s “Squawk Box“Saying the company won’t pay any fines. He said the agreement to end the case marks the entire case in the Coinbase and Crypto industry.
“I think it’s a very important signal, (after) this small group of activists in the previous administration tried to attack the industry illegally and we will be able to open the page and eventually get some regulatory clarity in the United States,” Armstrong said.
He continued: “I hope they can frankly refute all the forgery cases, which has a domino effect on the rest of the industry.”
A SEC spokesman declined to comment on Coinbase’s announcement on Friday.
President Trump accepted cryptocurrency during his presidential campaign, attended the 2024 Bitcoin conference and received financial donations from industry leaders. The president signed an executive order on January 23 to establish a working group to develop a regulatory framework for the crypto industry.
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