![\"SEC\"](\"https:\/\/www.investopedia.com\/thmb\/A4wfkCpvcLLkBWgQY4lQ_msKUyw=\/1500x0\/filters:no_upscale():max_bytes(150000):strip_icc()\/GettyImages-82880353-064135cb483940ff9230420d095b6d31.jpg\")
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Change In SEC Leadership Marks The Beginning Of Regulatory Shift<\/span><\/h2>\nConsensys lawyer Bill Hughes said in a recent interview that the SEC’s agreement to drop its enforcement action against the company was fairly straightforward, adding that the regulator’s litigation team “understood that the <\/span>SEC<\/span><\/a> was going to be moving in a new direction.” <\/span><\/p>\nAccording to Hughes, the SEC’s decision is due to its change of direction under the pro-crypto Trump administration. <\/span><\/p>\n“There was definitely a tenor change in the conversations post-election,” the attorney said.<\/span><\/p>\nSEC Brings An End To Coinbase Case<\/span><\/h2>\nThe SEC’s agreement to drop its case against Consensys comes just a day after the agency filed to dismiss its lawsuit with leading US-based crypto exchange Coinbase. <\/span><\/p>\nFeb. 27 <\/span>filings<\/span><\/a> show that the <\/span>SEC<\/span><\/a> has voluntarily agreed to dismiss all litigation related to Coinbase and Coinbase Global. According to the filings, the regulator will also withdraw its initial June 2023 lawsuit and its request for interlocutory appeal.<\/span><\/p>\n\nJust filed, SEC v. Coinbase: STIPULATION OF VOLUNTARY DISMISSAL It is hereby stipulated and agreed by and between the parties and\/or their respective counsel(s) that the above-captioned action is voluntarily dismissed, with prejudice against the defendant(s) https:\/\/t.co\/2L5GN5H5V7<\/a> pic.twitter.com\/jFWQHGuwSy<\/a><\/p>\n— Inner City Press (@innercitypress) February 27, 2025<\/a><\/p><\/blockquote>\n
According to Hughes, the SEC’s decision is due to its change of direction under the pro-crypto Trump administration. <\/span><\/p>\n “There was definitely a tenor change in the conversations post-election,” the attorney said.<\/span><\/p>\n The SEC’s agreement to drop its case against Consensys comes just a day after the agency filed to dismiss its lawsuit with leading US-based crypto exchange Coinbase. <\/span><\/p>\n Feb. 27 <\/span>filings<\/span><\/a> show that the <\/span>SEC<\/span><\/a> has voluntarily agreed to dismiss all litigation related to Coinbase and Coinbase Global. According to the filings, the regulator will also withdraw its initial June 2023 lawsuit and its request for interlocutory appeal.<\/span><\/p>\n Just filed, SEC v. Coinbase: STIPULATION OF VOLUNTARY DISMISSAL It is hereby stipulated and agreed by and between the parties and\/or their respective counsel(s) that the above-captioned action is voluntarily dismissed, with prejudice against the defendant(s) https:\/\/t.co\/2L5GN5H5V7<\/a> pic.twitter.com\/jFWQHGuwSy<\/a><\/p>\n — Inner City Press (@innercitypress) February 27, 2025<\/a><\/p><\/blockquote>\nSEC Brings An End To Coinbase Case<\/span><\/h2>\n
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