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  • Vignesh S G
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    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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    SEC Ends Coinbase Lawsuit? Armstrong Claims Victory, Ripple CEO Weighs In

    Story Highlights
    • Coinbase CEO Brian Armstrong claimed the SEC has dropped its lawsuit against the exchange without fines or operational changes.

    • Ripple CEO Brad Garlinghouse and legal experts see this as a shift in the SECโ€™s regulatory stance.

    • Despite speculation, the SEC has recently filed an opening brief against Ripple, with the company set to respond by April 16.

    Coinbase CEO brian armstrong announced on X that the U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against the exchange. The news has sparked excitement in the crypto community, with Ripple CEO brad garlinghouse welcoming what he sees as a shift away from the SECโ€™s previous regulatory approach.

    Hereโ€™s what you need to know.

    The SEC filed a lawsuit against Coinbase in 2023, accusing the exchange of offering unregistered investment products. This was part of the regulatorโ€™s broader crackdown on crypto companies that it claimed were operating outside U.S. securities laws.

    Armstrong stated that the SECโ€™s agreement does not require Coinbase to pay fines or change how it operatesโ€”an outcome that has surprised many in the industry. However, the SEC has yet to release an official statement confirming this settlement.

    https://twitter.com/bgarlinghouse/status/1893031319191310378

    Brad Garlinghouse, a key figure in the crypto space, praised the development, saying it signals a move away from past regulatory policies.

    Legal experts have also weighed in. Attorney Jeremy Hogan speculated that the SEC could be preparing for bigger regulatory changes. Former SEC official John Reed Stark went further, predicting that the SEC might soon drop its lawsuit against Rippleโ€”an idea Hogan supports.

    Whatโ€™s Next for Ripple?

    Despite these predictions, the SEC recently filed its opening brief against Ripple in an ongoing legal battle. Ripple has until April 16 to submit its cross-appeal brief, showing that the case is far from over.

    As regulatory decisions continue to shift, the crypto industry will be watching closely to see if the SECโ€™s stance on Coinbase signals a broader change in approach.

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    Whether this is a true policy shift or just a one-off decision remains to be seen.

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