Coinbase boss claims SEC will drop crypto lawsuit

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 are subject to its rules, without properly registering. Cryptocurrency exchange Coinbase has claimed that the US Securities and Exchange Commission (SEC) plans to drop a lawsuit against the firm. Its lawsuit accused the firm of operating illegally in the US, by taking on the services of being an exchange, broker and clearing agency without registering for those functions, as required by law. It said the exchange was also offering crypto assets it deemed to be "unregistered securities". "Since ... Read full article.