In a twist befitting the grandest of tales, the United States Securities and Exchange Commission (SEC) has, with a flourish of its quill, voluntarily dismissed its lawsuit against Coinbase Global Inc. The charges of alleged transgressions against the sacred Federal Securities laws have evaporated into the ether, leaving behind naught but a whisper of legal drama.
Coinbase: The Phoenix of the SEC’s Enforcement Saga
As the winds of change blow through the hallowed halls of justice, an update from the ever-watchful Inner City Press reveals that all defendants have been discharged without costs, as if they were mere figments of a bureaucratic imagination, under the auspices of Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. This closure, hinted at like a well-placed plot twist, heralds a new dawn for enforcement actions concerning the digital currency realm.
Since the curtain fell on the Coinbase versus SEC drama, other enforcement actions have also been quietly shelved, as if the regulators decided to take a long, leisurely stroll instead of a legal crusade. The Consensys lawsuit, too, has been laid to rest, signaling a sweeping metamorphosis towards a more crypto-friendly approach. Who knew the SEC had a soft spot for digital coins? 😏
This is breaking news, stay tuned for more updates that may or may not involve confetti!!!
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2025-02-28 00:36