Coinbase Boss claims that the compto will leave the case

The Cryptocurrency Exchange Coinbase has claimed that the US Securities and Exchange Commission (SEC) plans to leave the case against the firm.

The US regulator alleged in 2023 that the coinbase had violated laws by offering investment under its rules without properly registering.

Its boss Brian Armstrong said in a post on X on Friday that “a compromise” had reached to dismiss the legal action with the regulator’s employees, which will see that it would not give any fine or how it was conducted when confirmed It happens, no one will change on it.

A SEC spokesperson refused to comment.

Its trial accused of illegally operating in the US, as an exchange, broker and a clearing agency services without registering for those tasks, as necessary by law.

It said that the exchange was also offering crypto assets, which are considered “unregistered securities”.

“Since at least 2019, the Coinbase has illegally facilitated the purchase and sale of billions of crypto asset securities,” It said in June 2023,

The regulator said that this means that people who buy or sell those financial products were deprived of “important security”.

This created part of a broad crack on cryptocurrency firms, which was promised by President Donald Trump to reverse when he was selected during his 2024 campaign.

Writing on X, Mr. Armstrong said that the possible dismissal of the SEC case – which has not been confirmed by the regulator – was “extremely genealogical”.

His long post thanked President Trump for winning the election and praised the role of “Crypto Voter” in helping his victory secure.

“I would like to shout all the crypto holders in the US who chose Pro-Crypto candidates, on both sides of Isle, to ensure that your rights were preserved” wrote,

“It turns out that the crypto voter is real, and is shown in millions.”

His post also hit former SEC President Gary Gensler, who led his hard enforcement works against the crypto exchanges until he stepped in January.

Mr. Gennsler had earlier filed a similar case against Binens, which allows the world’s largest exchange traders to buy and sell digital assets, Which was recently given a 60-day stop by SEC amidst transfer of US rules.,

Trump also demanded to appeal to crypto companies and investors during his campaign Saying that he will fire Mr. Jensor on his presidential “Day One”,

Paul Grewal, the chief legal officer of the coinbase, also wrote on X that “there will be no disposal or agreement- a wrong bus will be made correct”.

He said, “We will not stop fighting until we have a clear rules to really enable the industry in the United States,” he said, to help me promote the cryptocurrency sector, Shri Calling for Armstrong’s law.

“We are eager to work with Congress and SEC employees in this next phase of progress,” he said.