Coinbase says the Securities and Exchange Commission has agreed to dismiss its case against the cryptocurrency platform, pending commission approval
The SEC has withdrawn or paused multiple lawsuits against crypto companies. Cases against Uniswap, Robinhood, and Coinbase have been dropped. Analysts expect more lawsuits to
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.
The U.S. Securities and Exchange Commission (SEC) officially closed its investigation into Uniswap without pursuing enforcement action.
The news follows a flurry of similar actions by the U.S. Securities and Exchange Commission, such as agreeing on Friday to drop an investigation into Robinhood’s cryptocurrency division and the NFT platform OpenSea and ending its litigation against Coinbase.
"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.
ARK Invest, led by Cathie Wood, made an interesting move during Tuesday’s crypto downturn. The firm sold 98,060 shares of its own spot Bitcoin
Coinbase said Friday that the Securities and Exchange Commission has agreed in principle to drop a federal lawsuit that charged the company with illegally selling securities.