The US Securities and Securities Commission (SEC) has participated in the process of withdrawing the lawsuit against Coinbase. This step, depending on the approval of the committee members, is considered an important legal benefit in the field of cryptocurrencies.
The US Securities and Securities Commission (SEC) is preparing to withdraw the case against Coinbase cryptocurrencies. This decision, depends on the approval of the committee members in the management organization, is considered a major legal victory in the field of cryptocurrencies. SEC completely abandoned his accusations that Coinbase operated an unpaid stock market and listed unpaid securities, not only for Coinbase, but also for other companies to fight with the other companies. The same case in this field. With this development, discussions on the regulations of cryptocurrencies in the US are expected to move from the Court to the National Assembly. Coinbase Paul Growal's law director said that the SEC agreement was rejected by the “prejudice” of the case. Growal emphasized that this decision is not only Coinbase, but also a struggle for the entire cryptocurrency ecosystem in the United States. In an interview with Cindesk, “we won, they lost,” Grewal said that the step of the SEC returned to this area, he said. CEO Coinbase Brian Armstrong describes development as a turning point for this field. Armstrong, in his video on Friday, said that the decision to withdraw the SEC for a strong signal about the legal environment will be shaped in the future. Sec views on cryptocurrencies are changing The withdrawal of SEC's coinbase is considered a sign of a fundamental change in the organization's approach to cryptocurrencies. SEC, which has long evaluated cryptocurrencies as securities, supported this attitude within the framework of the Howy test. However, Coinbase has chosen to fight at federal courts, declaring that the Howy test cannot be applied to cryptocurrency creatures. Finally, the fact that a judge issued the right to evaluate these complaints of Coinbase weakened the SEC's position. Gary Gensler, a former chairman of the management organization, argues that most cryptocurrency assets are securities. However, the step back in the case of Coinbase shows the final decision -the production house will be a parliament, not a court. With this development, the cryptocurrency sector is expected to bring more weight to corridor campaigning instead of legal struggle. Coinbase aims to create a more friendly legal framework in the National Assembly by making millions of dollars of political donations through Fairshake Pac. Signs of division in the second time It is stated that the difference in viewpoint in the organization is effective in the process of implementing the SEC decision. Members of the Commission include temporary President Mark Uyeda, Republican Commissioner Hester Peirce and Democratic Commissioner Caroline Crenshaw. Peirce and Uyeda have long criticized SEC's approach to the cryptocurrency industry, while Crenshaw has a more skeptical attitude towards the digital property industry. In voting to reduce the case, it is not sure how Crenshaw will have an attitude, while the SEC has restructured the unit application for cryptocurrencies. While leaving the time that shows great interest in cases including digital assets, it will focus more on issues such as protecting investors and fraud. New era in the cryptocurrency world According to analysts, the defender of the Coinbase case of SEC may also be a precedent for the lawsuits for other large cryptocurrencies like Binance. Management organizations want to be suspended last week. In addition, the SEC has backed up from his efforts to bring comprehensive definitions of cryptocurrency activities. These developments create an expectation that the uncertainty of the regulations that the cryptocurrency market has faced for a long time for a long time may decrease. However, this decision does not mean that the legal framework will be completely loosened. Organizations claim that they will maintain their strict attitude, especially in terms of investor protection and anti -fraud. On the other hand, the better market executive director Dennis Kelleher described the SEC's return as a “historical error” and argued that this organization endanger investors and markets. Instead of executing SEC's law, Kelleher stated that he acted under the pressure of billionaire cryptocurrencies. In the coming days, the official vote of the Coinbase lawsuit of SEC and the decision from the court will be closely monitored. If the SEC officially reduces the allegations of Coinbase listed in not registered securities, he will have to follow the same path in similar cases. Paul Grewal said, Orum I hope that reducing this case will create a sample for resolving other cases ,, while the future priority of the field of Coinbase and Crypto is to create a clear arrangement. In the US National Assembly. 80 %of FTX creditors will invest in cryptocurrencies, 62 %plan to buy Solana Spot: Most FTX creditors plan to continue investing in cryptocurrencies despite the collapse of the control market. contract. . According to the results of the survey conducted by the NFTEGH partnership, especially the interest in projects based on artificial intelligence and artificial intelligence, it shows that it is very strong. Most FTX creditors plans to participate in the financial recovery process after the stock market collapses in 2022. According to the results of the survey, nearly 80 %of creditors are considering returning the amounts. Their refund into cryptocurrencies, though collapsed about $ 9 billion FTX. This development shows that optimism is still alive in the cryptocurrency world. The results of the survey were conducted on February 19 with NFTEGR's Storble partnership show that most FTX creditors maintain their interest in Solana -based projects and based on On investment preferences. Solana, popular among FTX creditors The questionnaire is conducted through an online research platform through Preilific and the 1,016 FTX creditors have been attended. Participants have met a criterion that at least 10 %of their portfolio should be formed from Solana (left) or to hold at least $ 100 valuable for more than a year. 62 %of the respondents plans to buy them with their refunds, although negative developments in the past. Despite the debut of Libra breast and events like Meteora Scandal has ruined Solana's value, creditors have not lost their hope for Solana's future. According to the survey, 44 %of creditors claimed that they intended to re -invest in solana -based projects. If Solana's price drops below $ 145, 71 %of participants plan to turn left or keep their existing savings with their strong beliefs in the company's long -term growth potential. This result shows that creditors' loyalty to their strategies to accumulate assets at a lower price by evaluating the collapse is an opportunity. Ethereum and BNB string strikes After Solana, the second preferred block chain is Ethereum (ETH). While 31 percent of participants plan to invest in Ethereum, 16 %prefer to invest in the BNB (BNB) chain. These results show that FTX creditors are interested in not only Solana, but also for large ecosystems such as Ethereum and BNB chains. The extra money is also very popular among FTX creditors. According to the survey results, one fifth number of participants planned to invest in coins, is one of the speculative assets. In addition, the interest in projects based on artificial intelligence (AI) has increased. 31 percentage of participants declared that they plan to prioritize the support of the block chain. This shows that the belief in the impact of artificial intelligence on the field of finance and digital assets has increased. Effect of FTX recovery and restoration process In November 2022, the collapse of FTX and more than 130 subsidiaries left a deep impression on the cryptocurrency market and the Bitcoin price dropped to about $ 16,000. Solana depreciated 94 % and dropped to $ 9.60 in December 2022. The collapse of FTX led to a long -term cryptocurrency winter in the industry. However, the steps are taken in the field of continuing. The Bahamas division of FTX made the first debt repayment distribution to creditors on February 18. The creditors needed less than $ 50,000 have received about $ 1.2 billion capital. FTX's second repayment distribution will be done on May 30. This distribution will include a wider creditor group. The expectation of FTX creditors for the future Within the framework of FTX rescue plan, 98 %of creditors are expected to receive 118 %of cash value. In May 2024, the stock market is expected to distribute a total of 14.5 billion to 16.3 billion dollars. These developments can help regain confidence in cryptocurrencies after the collapse of FTX and to increase optimism in this field.