The case of the years according to which the crypto exchange platform, Coinbase, was against the American commission for securities and the exchange is now coming to an end, and it is not because of President Donald J. Trump.
The trial, initially filed under the administration of former president Joe Biden, that Coinbase was faced with his alleged exchange of illegal securities.
Not only is it a massive victory for Coinbase, but also for the cryptocurrency industry as a whole, which serves as a historic moment in the way the application of the crypto will be managed under the current government.
Dry drops the trial into securities of Coinbase thanks to Trump
According to CoinbaseHe has now escaped the understanding of the SEC, especially since the commission abandoned the case of securities he was against them which was deposited two years ago under the Biden administration.
Many have since considered this case against Coinbase as a means of taking over the crypto industry in the same Engadget.
However, Coinbase has since defended its activities, claiming that it does not work as a securities company as opposed to the secure complaints.
The Trump administration has remained faithful to its word to be more open to the growth and regulations of the crypto. CEO and co-founder of Coinbase, Brian Armstrong, Shared on his message on X That the call will soon be relevant, because the commission will fully abandon the trial against them next week.
Will this case serve as a precedent in the way crypto is managed in the United States?
Armstrong has also added that this is a massive victory not only for Coinbase, but the whole cryptocurrency industry, this change of heart by the dry being favorable to blockchain.
Armstrong believes that this will bring an “domino effect” to the whole industry, which corresponds to what President Trump had previously promised to transform the United States into cryptographic capital.
Dry affairs against crypto under biden
Control against cryptocurrency was one of the greatest problems that people who believe in decentralized money have the dry. Many said he was aiming for industry.
During the Biden administration, the cryptography industry was faced with a significant strangulation, many of which are faced with massive proceedings which led to close or do so almost.
The dry of the Biden administration, led by its president, Gary Gensler, has had important historical affairs against the cryptographic industry. The dry continued Coinbase, Binance and its CEO, Changpeng Zhao, Etoro, Ripple Labs, the platforms Nft like Opensea and more companies, which has become something that Trump wanted to change.
Trump then dismissed the president of the dry, Gary Gensler, saying that he specifically targets the cryptography industry and prevents regulations from passing.
