SEC Adds Coinbase To Its List of Recently Dismissed High-Profile Cases

On February 27, 2025, the US Securities and Stock Exchange Committee (SEC) announced its decision to reject the issue of enforcement of the civil law against Coinbase.

Last week, the organizational agency reached the closing of the legal conflict against Coinbase publicly. The Agency started the lawsuit in 2023. Coinbase accused the work exchanges of unregistered securities and facilitated the circulation of at least 13 codes of encryption. Then the authority said that Coinbase should have recorded these symbols as securities.

“It is time for the committee to correct its approach and develop the policy of encryption more transparently,” said university president Mark Oida. Uyeda’s comments came at a time when lawyers who represent SEC submitted a request to reject the Coinbase case.

It is official: the case has been rejected.

It’s time for fair legislation for the entire industry. pic.twitter.com/frszvx4sbk

Coinbase (Coinbase) February 27, 2025

However, rejecting this issue does not mean that the Supreme Education Council is free from other legal issues that are considering Coinbase.

Some other legal tangles with Coinbase include a Coinbase to force SEC to set encryption rules and their intentions in obtaining internal SEC documents that can collect through the agency’s deliberations its approach to digital assets.

For Coinbase, the issue related to the creation of coding rules is of a top priority. The company raised some relevant legal questions, such as what makes the safety of encryption and when and how to exchange digital assets can register with SEC.

These basic questions have not been answered yet. It is hoped that the US Congress can provide solutions to move forward.

ExploreSEC is the next green lights

A series of cases has been retracted since the new SEC leadership took a responsibility

Since the arrival of the administration of US President Donald Trump, the agency has rejected many prominent legal issues, indicating a shift in the implementation strategy. In February alone, a total of eight companies, including Coinbase, witnessed that its cases be dropped by the organizational agency.

On February 28, 2025, SEC rejected the case against Conssys’ Metamask. The agency earlier accused the company of violating securities related to services services and encryption exchange features.

The lawsuit filed in 2023 was stopped against Justin Sun Tron this week. The organizational body accused Sun and his companies with ions of securities. Although the details are not announced, the proposal to remain in the procedures indicate that the settlement is due.

Gemini’s Consure Linding drew the SEC’s attention, which led to a lawsuit in 2023. The agency claimed that the program enabled unregistered offers and sales of securities. Recently, the Supreme Education Council announced that it had closed its investigation and will not follow the implementation procedures.

The agency also closed its investigation at Opensea last week. The company was accused of violating securities laws by selling NFTS on its platform in 2024.

Robinhood announced that the Supreme Education Council has officially dropped its investigation into the alleged violations of security laws in the wake of the Wales notice in May 2024.

SEC also rejected their case against UISWAP. The company received a notice of wells in April 2024 regarding trading and exchange services.

ExploreSEC surrender against Crypto: Is the market preparing for an active movement?

Leadership under Trump’s management

SEC has moved under Trump from the strict line enforcement policies in the last administration to crying regulatory policies. The change in the agency’s behavior was noticeable immediately after the departure of the previous leadership. Specifically, after the departure of Gary Gensler, former SEC president.

The temporary chair at the Supreme Education Council, Mark Oida, whom Trump is promoting, immediately began declining the position of the agency on the encryption. Moreover, Uyeda also started reforming the SEC legal officials who did not believe in the position of the pro -lead agency.

Uyeda has appointed Commissioner Hyster Peres, a Republican colleague, to manage the SEC Checks. Both Uyeda and People have been the critics of Gensler’s approach to the encryption industry.

Explore: Cathy Woods Alek Invest Investment buys $ 8.7 million in Coinbase: Best pre -encryption for purchase now?

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