Coinbase co-founder: Reached a settlement with the SEC, the lawsuit is expected to be completely dropped

CoinRank News: Coinbase co-founder Brian Armstrong posted on X platform that Coinbase reached a settlement with the SEC and expects the lawsuit to be completely withdrawn without paying any fines or making changes to its business. This result proves that Coinbases decision to fight the SEC in court was correct, despite initial doubts. Highlights include: · The SEC exceeded its statutory authority and required the delisting of non-securities assets. · If compromised, it could harm the US crypto industry and force it to move overseas. · This fight is critical to protecting the rights of customers and the industry, and it is also a fight against government abuse of power. Armstrong said that he was proud to challenge the SECs decision, and they also plan to continue working with the SEC and advocate for clearer crypto regulations.