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Cryptocurrency exchange Coinbase has accused the US Securities and Exchange Commission (SEC) of trying to destroy the crypto market in its latest filing. Indeed According to Coinbase Chief Legal Officer Paul Grewal, the US Securities and Exchange Commission (SEC) plans to drop its lawsuit against the largest US Crypto firms are caught in a “Catch-22,” Coinbase said in its 36-page closing brief filed on Friday in the Court of Appeals for the Third Circuit. Earlier this month, the Cryptocurrency exchange Coinbase has claimed that the US Securities and Exchange Commission (SEC) plans to drop a lawsuit against the firm. The US regulator Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications The Securities and Exchange Commission has preliminarily agreed to throw out its case against cryptocurrency behemoth Coinbase, according to the company, a big step

Coinbase Says SEC is Trying to Destroy Crypto in Latest Brief: A Fight for the Future

Is the SEC trying to destroy the crypto market? Cryptocurrency exchange Coinbase has accused the US Securities and Exchange Commission (SEC) of exactly that in its latest filing, escalating the ongoing battle between the leading exchange and the US regulator. Indeed, the stakes are incredibly high. The conflict centers around the SEC's stance on which digital assets qualify as securities and how crypto companies should be regulated. According to Coinbase Chief Legal Officer Paul Grewal, the SEC's current approach is creating an untenable situation for crypto businesses. Coinbase's argument is laid out in detail in its 36-page closing brief filed on Friday in the Court of Appeals for the Third Circuit. The brief claims that US Crypto firms are caught in a “Catch-22,” unable to comply with regulations that are either unclear or not yet fully defined. Earlier this month, the Cryptocurrency exchange Coinbase has claimed that the US Securities and Exchange Commission (SEC) plans to drop a lawsuit against the firm – a claim that, while potentially positive, underscores the volatile and unpredictable nature of the regulatory landscape. The US regulator continues to grapple with how to best oversee the rapidly evolving digital asset space. Coinbase, America’s largest cryptocurrency exchange, said Friday that...While the specifics are still unfolding, the implications are significant. Some reports suggested that the Trump administration had agreed to drop a major lawsuit that would have broad ramifications, but the current situation shows the regulatory pressure persists. The Securities and Exchange Commission has preliminarily agreed to throw out its case against cryptocurrency behemoth Coinbase, according to the company, a big step. However, this apparent progress does not negate Coinbase’s fundamental argument that the SEC’s overall approach is detrimental to the entire crypto industry. The allegation that the SEC is trying to destroy crypto highlights the intensity of this ongoing legal and regulatory struggle. Stay tuned for updates as this story develops.

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