Editor's PiCK
Coinbase CEO: "US SEC to Withdraw Lawsuit Against Coinbase... Final Approval Expected Next Week"
Minseung Kang
Summary
- The U.S. Securities and Exchange Commission is reportedly set to withdraw its lawsuit against Coinbase.
- Coinbase CEO Brian Armstrong revealed that they have reached an agreement after years of litigation.
- After final approval, Coinbase will achieve victory without fines or business modifications.
The U.S. Securities and Exchange Commission (SEC) is reportedly set to completely withdraw its lawsuit against Coinbase.
On the 21st, Coinbase Chief Executive Officer (CEO) Brian Armstrong announced through X (formerly Twitter), "After years of litigation, millions in wasted taxpayer dollars, and devastating damage to the nation, we have agreed to completely withdraw the lawsuit with the U.S. Securities and Exchange Commission (SEC)."
CEO Armstrong added, "Now all that remains is the SEC Commission's final approval, expected next week. This will result in a complete victory for us without any fines or business modifications."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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