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Coinbase has announced that the U.S. Securities and Exchange Commission (SEC) has agreed to drop their significant lawsuit against the cryptocurrency platform. This development might hint at a more favorable stance towards digital currencies under Donald Trump’s administration.
The SEC’s team has reached an “agreement in principle” to dismiss the legal case that accused Coinbase of breaching U.S. securities regulations. However, this decision still awaits the formal nod from the commissioners, according to a statement from Coinbase made on Friday.
Coinbase expressed that this outcome represents not only a win for the company but also for their customers, the United States, and for personal liberty.
Following this news, Coinbase saw its shares rise by 2.5 percent shortly after the market opened on Wall Street that Friday.
The SEC has not provided any comments on the matter.
Stay tuned as this story unfolds.
Additional insights by Stefania Palma.
