
The Securities and Exchange Commission (SEC) rejected its main file against the cryptocurrency industry, a legal action against Crypto Exchange Coinbase, signaling a subject about the agency’s application approach to digital assets under President Donald Trump.
Coinbase, the largest cryptocurrency trading platform in the world, made its debut in 2019 offering a market where investors could buy and sell hundreds of cryptocurrencies. However, the extremely volatile asset was faced with a meticulous examination during the Biden administration after many cases of high -level fraud and the collapse of the FTX.
On Thursday, the SEC said that she had rejected the case because of her priority to come to create a “complete and clear regulatory framework for cryptographic assets”, through the newly formed crypto working group.