{"id":828880,"date":"2025-02-22T08:11:24","date_gmt":"2025-02-22T14:11:24","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/22\/big-breaking-sec-agrees-to-dismiss-coinbase-case-is-ripple-lawsuit-next-in-line\/"},"modified":"2025-02-22T08:11:24","modified_gmt":"2025-02-22T14:11:24","slug":"big-breaking-sec-agrees-to-dismiss-coinbase-case-is-ripple-lawsuit-next-in-line","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/22\/big-breaking-sec-agrees-to-dismiss-coinbase-case-is-ripple-lawsuit-next-in-line\/","title":{"rendered":"Big Breaking: SEC Agrees To Dismiss Coinbase Case, Is Ripple Lawsuit Next in Line?"},"content":{"rendered":"
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In a new development, Coinbase and the U.S. Securities and Exchange Commission (SEC) have reached an agreement \u201cin principle\u201d to dismiss the case the SEC filed against the crypto exchange. Although the agreement still needs to be approved by the SEC commissioners, this move could be confirmed as early as next week.<\/p>\n

Coinbase CEO Brian Armstrong expressed excitement, calling it a \u201creally good day\u201d for the company and the broader cryptocurrency industry. He said that while the litigation withdrawal needs official approval, this decision marks a major moment not only for Coinbase but also for the 50 million Americans who own cryptocurrency and the global crypto community. Armstrong said that this would set an important legal precedent, especially after years of the SEC attempting to regulate the crypto industry by claiming that many crypto assets are securities, despite a lack of clear legal rules.<\/p>\n

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????BREAKING: @coinbase<\/a> and the @SECGov<\/a> have come to an agreement \u2018in principle\u2019 about dismissing the agency\u2019s case against the exchange. The commission will need to do an official vote on the move which could happen as early as next week.<\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) February 21, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Armstrong also reflected on how close the crypto industry came to being severely impacted by the SEC\u2019s actions. He stressed the importance of pushing for clearer regulations and legislation for crypto in the United States, which could support the industry\u2019s growth.<\/p>\n

Will SEC Dismiss Ripple Lawsuit Next?<\/strong><\/p>\n

This development has sparked hope within the crypto community that the SEC may soon end its long-running lawsuit against Ripple. Ripple\u2019s legal team recently requested a deadline extension to April 16, 2025, to file their response brief after the SEC sought to overturn aspects of a previous ruling related to XRP sales to retail investors. As of now, it remains to be seen how this case will unfold, with legal sources suggesting that the SEC is currently focused on cases with imminent court deadlines. This is why there have been no pause requests in the ongoing litigation involving Ripple and Kraken. Ripple\u2019s next court deadline is set for April 16, while Kraken\u2019s is March 31, 2025.<\/p>\n<\/div>\n

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\n \ufeffAnjali Belgaumkar<\/p>\n","protected":false},"excerpt":{"rendered":"

In a new development, Coinbase and the U.S. Securities and Exchange Commission (SEC) have reached an agreement \u201cin principle\u201d to dismiss the case the SEC filed against the crypto exchange. Although the agreement still needs to be approved by the SEC commissioners, this move could be confirmed as early as next week. Coinbase CEO Brian<\/p>\n","protected":false},"author":1,"featured_media":828881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4366,95],"tags":[],"class_list":["post-828880","post","type-post","status-publish","format-standard","has-post-thumbnail","category-agrees","category-breaking"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/828880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=828880"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/828880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/828881"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=828880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=828880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=828880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}