The SEC has closed its case against Coinbase and has finished the probes in Uniswap and Opensa, pointing out the changing cryptographic position of the agency.
The United States Stock Exchange and Securities Commission (SEC) has ended multiple cases and research that involves cryptocurrency companies, according to several reports.
Coinbase said on February 21, 2025 that the sec He agreed so that your case against the dismissed company. Coinbase described the decision, which is subject to the approval of the commissioner, a claim and “a great victory for the rule of law.”
The SEC initiated the case in June 2023, claiming that Coinbase violated securities laws through several of its tokens services and listings. Since then, Coinbase has fought against the case and has advanced numerous legal arguments.
Coinbase reminded the public that the SEC filed its demand two years after it allowed the company to be public. Because his business model remained unchanged, Coinbase believes that changes in political leadership in SRI motivated the case.
Uniswap Labs wrote on February 24 that the SEC has He closed his investigation In the company without action. Uniswap said the decision reaffirms its position that operates in accordance with all applicable laws.
The SEC had investigated UNISWAP for several years. In April 2024, he sent a war notice to the firm that warned about a possible demand. Although the notice did not lead to a legal case, UNISWAP’s lawyer answered the claims of the SC in a May 2024 Wells response and described an exhaustive legal defense.
CEO of Opensa Devin Finzer said February 21 that the SEC has closed its research against the company, which operates a NFT market.
Finzer described the conclusion as a “victory for all” and said that the attempts of the SEC of treating the NFT as values ​​misunderstood the law and avoided innovation.
The SEC sent a Wells notice to Opensa in August 2024, but this did not progress to a legal case. At that time, Opensa said that he was legally operating and promised $ 5 million to a legal fund for NFT creators in case the SEC directly attacked them.
The previous developments are together with a pro-Crypto change in the SEC under the Trump administration, including a new working group headed by the SEC Commissioner, Hester Peirce, and the appointment of Paul Atkins as president of the SEC.
However, several other cases of SEC crypt remain open, including actions against exchanges such as Kraken and Binance. The SEC has agreed Pause the last case While reassessing your crypto approach, according to the AP on February 11.
It should be noted that the SEC closed certain cases during the previous Biden administration. In particular, he closed an investigation into the firm of Stablecoin Paxos and ended parts of an investigation into the development firm of Ethereum Connsys in 2024.
Discharge of responsibility: The information contained in this document is provided without considering its personal circumstances, therefore, it should not be interpreted as financial advice, investment recommendation or an offer or application for any transaction in cryptocurrencies.
