{"id":14352,"date":"2025-02-21T15:31:42","date_gmt":"2025-02-21T15:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14352"},"modified":"2025-02-21T15:31:42","modified_gmt":"2025-02-21T15:31:42","slug":"coinbase-ceo-brian-armstrong-says-sec-has-agreed-to-end-bogus-enforcement-case-without-penalties","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14352","title":{"rendered":"Coinbase CEO Brian Armstrong Says SEC Has Agreed To End &#8216;Bogus&#8217; Enforcement Case Without Penalties"},"content":{"rendered":"<div>\n<p><strong>Coinbase Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>) CEO <strong><strong>Brian Armstrong<\/strong><\/strong> announced that the Securities and Exchange Commission has decided to fully withdraw its enforcement <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41602107\/coinbase-ceo-brian-armstrong-says-next-sec-chair-should-apologize-for-the-damage-done-to-t\">case against the company.<\/a><\/p>\n<p><strong>What Happened: <\/strong><a href=\"https:\/\/www.cnbc.com\/2025\/02\/21\/coinbase-says-the-sec-has-agreed-to-end-enforcement-case-against-crypto-exchange.html\">Speaking <\/a>to CNBC on Friday, Armstrong described the lawsuit as an unjustified attack on the cryptocurrency industry and said the SEC had no legal basis for its claims.<\/p>\n<p>\u201cThis is a huge day for us and also for the 50 million Americans who hold crypto,\u201d Armstrong said. \u201cThis case was bogus, and we were right on the facts. If we hadn&#8217;t stood up for our customers&#8217; rights, it could have been the end of the crypto industry in America.\u201d<\/p>\n<p>The SEC sued Coinbase in 2023, accusing it of operating as an unregistered securities exchange, broker, and clearing agency. The regulator also alleged that Coinbase&#8217;s staking-as-a-service <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/23\/06\/32746275\/coinbase-ceos-war-cry-after-sec-sues-crypto-exchange-well-get-the-job-done\">program violated securities laws<\/a>.<\/p>\n<p>Armstrong pushed back, arguing that Coinbase had already disclosed its &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43883117\/coinbase-ceo-brian-armstrong-says-sec-has-agreed-to-end-bogus-enforcement-case-without-pen\" alt=\"Coinbase\" ceo brian armstrong says sec has agreed to end enforcement case without penalties>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Inc. (NASDAQ:COIN) CEO Brian Armstrong announced that the Securities and Exchange Commission has decided to fully withdraw its enforcement case against the company. What Happened: Speaking to CNBC on Friday, Armstrong described the lawsuit as an unjustified attack on the cryptocurrency industry and said the SEC had no legal basis for its claims. \u201cThis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14352","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14352"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14352\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}