· 1d
Coinbase And Robinhood Won Crypto Relief. Is It Policy Or Politics?
· 1d · on MSN
3 things to watch in crypto after Robinhood and Coinbase score big wins for the industry
Coinbase says SEC will drop case that ‘could have killed the crypto industry in America’
Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications for the crypto industry. It comes as the new Trump administration has promised to deregulate digital currencies like bitcoin.
The Nigerian government filed an $81.5 billion lawsuit against crypto exchange Binance, claiming back taxes and economic damages caused by crashing Nigeria’s fiat currency. Nigeria’s Federal Inland Revenue Service (FIRS) said Binance has unpaid taxes from 2022 and 2023.
Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector.
The SEC has agreed to pause its lawsuit against Binance, but experts are split on whether it means the end of the agency's crypto crackdown.
Citadel Securities may enter crypto market-making, evaluating top exchanges as it awaits regulatory clarity for broader institutional involvement.
Citadel Securities is entering crypto market-making, targeting exchanges like Coinbase and Binance as regulatory shifts under the Trump.
The SEC is pausing major cryptocurrency cases against Coinbase and Binance while restructuring its crypto unit, indicating a shift in enforcement strategy that may extend to the Ripple lawsuit.
The regulator sued the U.S.’s most prominent crypto exchange in June 2023 for allegedly flouting securities laws.
The end of a court fight with the largest U.S. crypto company would be a big win for an industry that financially backed President Trump.
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