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

Shiba Inu (SHIB) Price Forecast Today

SHIB price has potentially broken out of a YTD falling channel in the past few…

April 24, 2025

Arbitrum (ARB) Price Analysis: Dead Cat Bounce or Full Blown Recovery Next?

ARB price has followed a similar fractal pattern to the September 2024 bullish breakout. The…

April 24, 2025

Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains?

Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has…

April 24, 2025

Whales Turn Active After Ethereum’s Strong Recovery: What’s Next for ETH Price?

Ethereum's price has jumped after being stuck in a slump for several weeks, helping it…

April 24, 2025

WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun?

The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing.…

April 23, 2025

President Donald Trump to Hold an Exclusive Dinner For Top 220 $TRUMP Token Holders on May 22

The top 220 $TRUMP holders by May 12 will be eligible for the Gala dinner…

April 23, 2025