In a major development, the American Commission on Securities and Exchange (SEC) should abandon its trial for Coinbase, pending the approval of the agency’s commissioners. If it is finalized, this could be an important legal victory for the cryptocurrency industry and a turning point for future regulations.
Dry to vote on the rejection of the prosecution
According to the legal director of Coinbase, Paul Grewal 
Paul grew up Paul grew up Legal chiefDirector 
The Sec will soon vote on an agreement to reject the case against.
“The war against crypto, at least as it applies to Coinbase, is finished”, “ Grewal said in an interview.
If the vote is adopted, it does not only have a quarrack of legal problems – it could also give an example for other cryptographic companies faced with similar regulatory challenges. The case would be rejected by prejudices, which means that the dry would be permanent to take the same allegations against Coinbase again.
In June 2023, after sending a well opinion at the beginning of the year, the SEC filed a complaint more than more pages against Coinbase in the South District of New York. The SEC has accused Coinbase of managing an exchange of securities not registered for ten years. This trial intervened only a few days after the SEC filed a similar case against Binance.
All this thanks to Trump?
Under President Trump, the SEC has changed its approach to cryptographic regulations. The agency created a special working group in crypto and returned the previous accounting rules which were considered restrictive. Now, the emphasis is placed on the construction of a clearer regulatory framework which allows digital assets to grow responsiblely.
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“”We still have work to do and we cannot leave the eyes of the ball. The legislation is essential to ensure that this type of illegal behavior no longer happens. We will not stop fighting before we have the clear periods necessary to allow the industry to truly prosper in the United States, “said Paul Grewal in response to the news.
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In addition, Brian Armstrong described the agreement “to empty a lot”, criticizing the dry for having used the “Mafia tactics” in his trial against Coinbase. He argued that the SEC was “wrong on the law” and warned that his actions could have devastated cryptographic industry in the United States
“I must grant a credit here to the Trump administration, for having won the election and for the departure of the militant chief of the dry, Gary Gensler, who orchestrated this illegal action with Elizabeth Warren, and a handful of their lackeys Congress, ”noted Armstrong.
It is optimistic about the reform of the dry, impatiently the leadership under Paul Atkins, Mark Uyeda, Hester Peirce and Doge. He thinks that their influence, as well as new, more reasonable leaders, will bring a more sensible approach to the agency.
