Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Marvie Basilan

SEC To Dismiss Coinbase Case, Ends OpenSea Probe: What It Could Mean For Crypto

SEC Coinbase OpenSea Crypto Gary Gensler Bitwise Lawsuit Brian Armstrong Donald Trump Paul Grewal
The SEC will dismiss its case against Coinbase and it has also ended its investigation into OpenSea. (Credit: Jernej Furman/flickr.com)

KEY POINTS

  • Coinbase's CEO said a dismissal is an 'important signal about where things are going'
  • Coinbase's CLO said noted that the lawsuit will be dismissed 'with prejudice'
  • A prominent crypto lawyer projected 'more dismissals to follow' moving forward
  • Bitwise's research chief said the announcement is a 'monumental moment' for the industry

Cryptocurrency exchange giant Coinbase has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to dismiss the financial regulator's case against Coinbase, marking a dramatic turn of events from when Gary Gensler was the agency Chair.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Hilary Swank’s Baby Bump At 52 Gives People Anne Hathaway Flashbacks As They Rehash Conspiracy Theory
After the 52-year-old Oscar winner announced she was expecting her third child on Wednesday, October 14, some netizens zeroed in on her newly revealed baby bump.
Bored Panda
Bored Panda
Hemorrhoid Patients Scrolled Less on the Toilet Than Healthy People, Complicating the Phone Warning
A Turkish study found anal disease patients used phones on the toilet less than healthy adults, reversing a Boston result. Sitting time ties both.
Medical Daily
Medical Daily
Green stars existed only in comics. Now astronomers have found the first real one and the reddest star ever recorded
Astronomers have unveiled an astonishing white dwarf star, WD J1330+6435, that shines with a distinctive green hue. Situated roughly 280 light-years away in the constellation of Draco, its unique coloration stems from sodium that captures multiple light wavelengths due to elevated density. Additionally, a second white dwarf, WD J1011+2845, displaying…
The Economic Times
The Economic Times
Ticket Broker Accused of Buying 7,624 Tickets to One Beyoncé Show and Making $833,000 Reselling Them
A US DOJ lawsuit alleges REPS & Company used 1,300 accounts to buy 7,624 Beyoncé tickets, bypassing limits under the BOTS Act.
International Business Times UK
International Business Times UK
Travis Barker loved Kourtney Kardashian 'for years' before they started dating
Travis Barker had loved Kourtney Kardashian "for years" before they got together romantically.
BANG Premier
BANG Premier
Victoria Beckham, ‘duck face’ and onesies: nine things Zoolander predicted about fashion
It’s been 25 years since the release of Ben Stiller film that skewers an industry that famously takes itself very seriously. It might have been comedy gold, but it also predicted our fashion-saturated 21st century
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play