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Coinbase boss claims SEC will drop crypto lawsuit

feeds.bbci.co.uk Unknown 2025-06-09 02:00:10

Coinbase boss claims SEC will drop crypto lawsuit Coinbase chief executive Brian Armstrong said the potential dismissal of the lawsuit would be "hugely vindicating". Its boss Brian Armstrong said in a post on X on Friday that "an agreement" had been reached with the regulator's staff to dismiss the legal action which would see it pay no fines or make any changes to how it operates, when confirmed. The US regulator alleged in 2023 that Coinbase had violated laws by offering investments that ar

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SEC’s “scorched-earth” lawsuit against Coinbase to be dropped, company says

arstechnica.com Unknown 2025-06-09 00:55:37

On Friday, a Coinbase executive declared the "war against crypto" over—"at least as it applies to Coinbase." According to Coinbase Chief Legal Officer Paul Grewal, the US Securities and Exchange Commission (SEC) plans to drop its lawsuit against the largest US cryptocurrency exchange as the agency shifts to embrace Donald Trump's new approach to regulating cryptocurrency in the US. The SEC sued Coinbase in 2023, accusing Coinbase of "operating its crypto asset trading platform as an unregister

Topics: coinbase crypto exchange gensler sec
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Mark Zuckerberg’s charity U-turns, ends DEI efforts

techcrunch.com Dominic-Madori Davis 2025-06-08 09:15:00

Mark Zuckerberg’s charity has eliminated its DEI programs and efforts just weeks after assuring staff it would continue supporting DEI efforts, The Guardian reports. The Chan Zuckerberg Initiative (CZI), co-founded by Zuckerberg and his wife Priscilla Chan, will end internal DEI programs and no longer provide “social advocacy funding,” which provided grants for racial equity and immigration reforms. In a staff email obtained by The Guardian, Marc Malandro, the COO of CZI, said the organization

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