Coinbase says Trump’s SEC has ended its enforcement case against the crypto company

Coinbase says that the SEC has agreed to end an enforcement case that accused it of illegally running an unregistered securities exchange. This could signal a major change in how the US government will enforce the crypto market now that Trump is in office. The lawsuit, which was filed during the Biden administration , has long-been considered an attempt to bring the crypto industry under the same investor-protection rules that govern stocks and other securities. Coinbase had been fighting the lawsuit on the grounds that it didn’t run a securities company, likening the commodities it sells to baseball cards. That appeal will soon be moot, assuming the SEC officially votes to dismiss the suit. This should happen next week . “It’s a great day for Coinbase and for crypto,” Paul Grewal, Coinbase’s chief legal officer, told The Wall Street Journal . “We were committed to defending it to the gates of hell, for as long as it took and for as much money as it took.” ADVERTISEMENT Advertisemen ... Read full article.