News View Non-AMP

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

Published by
Vignesh S G

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 SEC’s previous regulatory approach.

Here’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 regulator’s broader crackdown on crypto companies that it claimed were operating outside U.S. securities laws.

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

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 Ripple—an idea Hogan supports.

What’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 SEC’s stance on Coinbase signals a broader change in approach.

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

Vignesh S G

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.

Recent Posts

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…

April 2, 2025

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025