Regulation
Court Dismisses SEC Coinbase Lawsuit With Prejudice
The United States Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit with Coinbase Global Inc. over its alleged violations of Federal Securities laws. According to court filings, the case was dismissed with prejudice against the defendant(s).
Coinbase Leads US SEC’s Enforcement Turnaround
According to an X update from Inner City Press based on the court filing, all defendants are now discharged without costs under Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. This Coinbase and US SEC case closure was teased about a week ago, setting the new direction for enforcement actions relating to digital currency trading platforms in the industry.
Since the Coinbase versus US SEC case closure was teased, some related enforcement actions have also been closed without further actions. As reported earlier by CoinGape, the regulator has closed the Consensys lawsuit, showcasing a comprehensive shift in the new pro-crypto strategy.
This is a breaking news, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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