Journalist
Posted:
- Sec dismissed Coinbase’s trial and lost the metamask investigation.
- A policykeeper said Ripples case was “complicated” and would take time.
On February 27, the US SEC Commissioners approved the dismissal of the Coinbase Exchange atmosphere.
In addition, the mood was dismissed “with prejudice”, which means that a new administration cannot bring it back.
Source: X
This was not surprising considering that Coinbase CEO Brian Armstrong revealed That the case was probably last week.
Now Trump-Ara Sec has dismissed or lost crypto moods against Opensea, Robinhood, Uniwap (UNI)The GeminiAnd coinbase.
What happens to Ripple?
The Metamask atmosphere was also dropped on Thursday, pending the approval of the SEC commissioners. Joseph Lubin, CEO of Consensys, the company behind Metamask, abandonedThe
“I am pleased to announce that Consensys and Sec have in principle agreed that the case of securities management should be rejected.”
Like Coinbase, the former SEC regime claimed that the Ethereum-based wallet offers offered unregistered securities and served as an unregistered broker dealer.
February has been busy for the agency; It also paused moods against Binance, Justin Sun and Throne (TRX) Basic. However, Ripple Labs significantly missed these updates. So, what’s next?
According to Crypto lawyer Jeremy Hogan, the Ripple atmosphere was “complicated” because it had advanced to the court and appeal stages. The mentionedThe
“Ripple is still a more complicated case to resolve because of the verdict. The faith case was not almost as far. That’s right – first in, last out. “
Nevertheless, Ripple’s leadership was “hopeful” that the case would be resolved in 2025. In an X space at the end of January, Ripple Clo Stuart Alderoty said, said,
“I think the new Sec understands it and I will remain carefully optimistic that the case in 2025 will be withdrawn voluntarily.”
