Coinbase

SEC ends Coinbase case: 'It's time for the Commission to change its approach' Today, the SEC concluded civil enforcement proceedings against Coinbase and Coinbase Global with a joint agreement, ending a legal battle that began in 2023.
Mark T. Ueda Acting President, said: "It is time for the Commission to change its approach and develop its #cryptocurrency policy in a more transparent way. The Cryptocurrency Task Force is designed to do just that.
The original lawsuit alleged that #Coinbase acted as an unregistered exchange, broker and clearing house since 2019, facilitating trading in cryptoasset securities without proper registration.
Inner #City Press stated at X: "STIPULATION ON WILLful DENIAL The parties and/or their respective counsel hereby stipulate and agree that
the SEC has stated that the dismissal supports broader regulatory reform efforts and that it does not affect the merits of the original lawsuit. Critics such as
Better Markets have suggested that this may be a "historical mistake" that favors the crypto industry over strict enforcement.
the SEC's dismissal of the lawsuit is a clear indication of the need for a new crypto industry, which was created on January 21, 2025, to coincide with a renewed focus on creating a comprehensive regulatory framework for cryptoassets through the Crypto Task Force.
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The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Coinbase and Coinbase Global, marking a significant moment for the cryptocurrency industry. The dismissal was announced through a joint stipulation filed today, bringing an end to a legal battle that began in 2023.
SEC’s Statement: A Call for Policy Reform
Acting SEC Chairman Mark T. Uyeda emphasized the need for a more structured and transparent regulatory approach, stating:
“It’s time for the Commission to rectify its approach and develop crypto policy in a more transparent manner. The Crypto Task Force is designed to do just that.”
The lawsuit initially accused Coinbase of operating as an unregistered securities exchange, broker, and clearing agency, facilitating crypto asset securities trading without proper registration since 2019.
Dismissal Details: Voluntary But With Prejudice
The legal dismissal, reported by Inner City Press on X (formerly Twitter), stated:
“STIPULATION OF VOLUNTARY DISMISSAL It is hereby stipulated and agreed by and between the parties and/or their respective counsel(s) that the above-captioned action is voluntarily dismissed, with prejudice against the defendant(s).”
The SEC clarified that this dismissal does not impact the original claims’ merits but rather aligns with its broader regulatory strategy to focus on structured crypto oversight.
Crypto Task Force: The Future of Crypto Regulation
The SEC’s Crypto Task Force, established on January 21, 2025, aims to create a comprehensive regulatory framework for the cryptocurrency sector. Meanwhile, the Cyber and Emerging Technologies Unit (CETU) will continue investigating misconduct related to blockchain and digital assets.
Industry Reaction: A Historic Mistake or a Step Forward?
While the SEC maintains that this move supports its regulatory reform, critics like Better Markets argue that this dismissal could be a “historic mistake” that favors the crypto industry over strict enforcement.
This decision could set a precedent for future crypto-related lawsuits and how U.S. regulators handle digital asset regulations.
What’s Next for Coinbase and the Crypto Market?
With this case dismissed, Coinbase emerges legally unscathed, while the SEC pivots towards policy creation rather than enforcement-first strategies. This could mean a more balanced approach to crypto regulation in the coming years, potentially fostering a more transparent and innovation-friendly environment for blockchain businesses.
The post appeared first on CryptosNewss.com
#coinbase #sec

On February 18, 2025, President Donald #TRUMP signed an executive order titled “Ensuring Accountability for All Agencies,” which mandates that independent regulatory agencies, including the Securities and Exchange Commission (SEC), report directly to the White House. This move subjects agencies like the SEC—historically insulated from direct presidential control—to oversight by the Office of Management and Budget (OMB), led by Russ Vought. The order requires these agencies to submit draft regulations, policies, priorities, and budgets to the White House for approval, aligning them with the president’s agenda. It’s a bold shift, rooted in Trump’s embrace of the unitary executive theory, which asserts that all executive power rests with the president under Article II of the Constitution.
So, how might this impact the SEC’s ongoing crypto litigation? The SEC has been a heavy hitter in the crypto space, especially under former Chair Gary Gensler, who pursued an enforcement-first approach. High-profile cases—like those against #Ripple $XRP , #coinbase , #Binance , and dozens of others—have hinged on the SEC’s stance that many digital assets are unregistered securities under the Howey Test. These lawsuits have dragged on, often mired in legal ambiguity, with Ripple’s case seeing a partial win in 2023 (XRP not a security on public exchanges) but still under appeal as of now.
With the White House pulling the strings, the SEC’s crypto litigation could face a dramatic pivot. Trump’s pro-crypto stance—evident from his January 23, 2025, executive order “Strengthening American Leadership in Digital Financial Technology”—suggests a push for lighter regulation. That earlier order created a working group to rethink crypto rules and even floated a national digital asset stockpile, signaling a 180 from Biden-era crackdowns. Posts on X and industry chatter hint that Trump’s team might direct the SEC to pause or drop cases, especially those bogged down in court—like Ripple’s, where an XRP ETF from Grayscale hangs in limbo pending regulatory clarity.
The new order could mean the OMB, under Vought, greenlights only SEC actions that fit Trump’s vision—think fewer enforcement suits and more industry-friendly policies. Paul Atkins, Trump’s pick to replace Acting Chair Mark Uyeda at the SEC, is a known crypto advocate who’s criticized heavy-handed regulation. If confirmed, he’d likely steer the agency toward settling or scaling back litigation, focusing instead on fraud cases rather than broad securities debates. The SEC’s Crypto Task Force, launched under Uyeda and led by Hester “Crypto Mom” Peirce, is already tasked with crafting clearer rules—work that could now accelerate under White House pressure.
But it’s not a clean slam dunk. The SEC’s independence was baked into its 1934 founding to shield it from political whims, and this order’s legality is shaky—experts say it’ll spark lawsuits, likely landing at the Supreme Court. If courts uphold it, the SEC might have to shelve cases or settle fast, especially if the White House deems them misaligned with its deregulatory goals. Ripple’s litigation, for instance, could see a forced resolution, potentially greenlighting XRP’s market moves. If courts strike it down, the SEC could keep chugging along, though Trump’s influence via appointees would still loom large.
Short term, expect delays as the SEC adjusts to this oversight—litigation timelines could stretch as priorities shift. Long term, if this sticks, the SEC’s crypto crackdown era might fade, replaced by a framework that lets digital assets breathe easier. Either way, the White House leash tightens the screws on the SEC’s old playbook.
Did President Trump End The U.S. War On Crypto?
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The US Securities and Exchange Commission has closed its investigation into Gemini without charges, but co-founder Cameron Winklevoss has called for the regulator behind the crackdown on the cryptocurrency market to be fined.

the US Securities and Exchange Commission closed its investigation into #Gemini without filing charges. It decided to close it, joining a series of investigations that concluded this week. The commission also closed investigations into Open Sea, Robinhood and Uniswap, signaling a change in approach to #cryptocurrency companies. Despite this, Gemini co-founder Cameron Winklevoss is not satisfied. He wants tough punishment for regulators who have been hostile to the crypto industry for years and accountability for the damage done.
The SEC's decision to drop the charges against Gemini is an important development, but Mr. Winklevoss doesn't think it's enough to undo the damage done. Mr. Winklevoss doesn't think it's enough to undo the damage done. He says the SEC sent Gemini a Wells Notice of Possible Use of Force almost a year ago, but no formal charges have been filed. The closing of the case is part of a general trend of the SEC backing off its aggressive stance toward cryptocurrency companies: the SEC recently settled a case with #Coinbase and is preparing to settle civil fraud cases involving Tron; the SEC also suspended its case against #Ripple , which technically remains pending; and the SEC also filed a motion to dismiss the case against Gemini.
The SEC has shut down several cryptocurrency investigations, but Winklevoss remains critical of the Commission's actions in the past.
He noted that although the investigation into Gemini was closed, the company had to pay a $5 million fine to the CFTC and its business partner Genesis was fined $38 million. Mr. Winklevoss argued that the SEC's actions were harmful to Gemini and the crypto industry as a whole, and that the SEC's actions are stifling innovation in the U. S.
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BlackRock transferred 1,800 BTC: is a sale imminent?

BlackRock transferred 1,800 #BTC to #Coinbase Prime, raising suspicions of a possible sale. We analyze the implications of this move.
investment company #BlackRock transferred 1,800 bitcoins (BTC) to Coinbase Prime. According to the exchange, the value of these BTCs is 160 million US dollars (about 16 billion Japanese yen).
This event has sparked controversy and questions: is this normal liquidity management, selling pressure or a strategic shift?
BlackRock transfers #bitcoin - what does it show?
This news comes from Blockchain analytics firm Arkham Intelligence shared the information on X (formerly Twitter).
The post reads, "Blackrock is selling BTC.
This message quickly spread in the crypto community,
one of the X users, Sake, commented on the news: "People are starting to regret letting Blackrock control the market. Bitcoin has lost its ethics.
People are starting to regret letting Blackrock control the market. Bitcoin has lost its ethics. But on closer inspection, this transition doesn't seem so dramatic. It actually has to do with the management of IBIT (iShares Bitcoin Trust), a bitcoin spot fund run by Coinbase Prime. This suggests that the 1,800 BTC move may be related to portfolio rebalancing, liquidity management, or a need to facilitate investor redemptions rather than a direct market selloff.
It is important to note that this move corresponds to outflows from the IBIT ETF. According to SoSoValue, outflows from the IBIT Trust exceeded $160 million, which explains the need for a liquidity adjustment.
BlackRock is not only trading bitcoin; reports from Arkham Intelligence show that the ETHA (iShares Ethereum Trust ETF) fund has 18,168 ETH in Coinbase Prime.
These bitcoin moves come during a bearish period for the cryptocurrency sector.

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#BlockchainFuture

In this post, John Deaton accused former SEC Chairman Gary Gensler of ignoring real cryptocurrency fraudsters like SBF and Do Kwon.

SBF allegedly bought access to high-ranking officials and gave millions of dollars to Democrats while the SEC went after legitimate
the Court repeatedly accused the former SEC of going after #Coinbase and #Ripple instead of the real scammers.
XRP attorney John Deaton said that Sam Bankman Fried (SBF) and Do Kwon (Do
the SEC missed the real scam being perpetrated on cryptocurrencies by bureaucratic hacker Gary Genzler and accused the SEC of going after legitimate #cryptocurrency companies while ignoring the real scammers like Kwon, who focused on implementing the political agenda of his master, Senator Elizabeth Warren. It's worth recalling that Genzler has met with cryptocurrency Bernie Madoff (SBF) on multiple occasions.
SBF met with Representative Maxine Waters, former CFTC Chairman Rostin Benham, and was allowed to testify before Congress. Why was he given such amazing access? It's simple. Because he was paying money. According to testimony at his trial,
SBF transferred $10 million to the Biden administration and $70 million to Democrats during the 2022 midterm elections, ostensibly to gain access to regulators.
Terra's activities were obvious. Despite evidence of wrongdoing, it took years for the SEC to prosecute Kwon, and when the SEC finally subpoenaed him at a cryptocurrency conference, public ridicule and outrage erupted, and Gensler's face even became a #meme on Darth Vader's body.
The head of the SEC, Amanda Fisher, spoke in defense of the SEC. SEC chief Amanda Fisher defended the SEC's action against Kwon, acknowledging that the SEC could have acted more aggressively but blaming Kwon's legal maneuvers for delaying the process. The SEC should have sued him on many issues, not just one.

However, the SEC has now reportedly dropped its case against Coinbase.

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