SEC Dismisses Lawsuit Against Coinbase
The Securities and Exchange Commission (SEC) said Thursday (Feb. 27) that it dismissed its pending civil enforcement action against cryptocurrency exchange Coinbase.
The SEC said in a press release that it made this move as part of its effort to reform its regulatory approach to the crypto industry, which includes its formation of a Crypto Task Force that will help develop a regulatory framework for crypto assets.
“For the last several years, the Commission’s views on crypto have been largely expressed through enforcement actions without engaging the general public,” SEC Acting Chairman Mark T. Uyeda said in the release. “It’s time for the Commission to rectify its approach and develop crypto policy in a more…
