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Brian Armstrong, CEO of Coinbase, speaking in the CNBC Squawk box outside the World Economic Forum in Davos, Switzerland, on January 21, 2025.
Gerry Miller | CNBC
Coinbase announced on Friday that the stock exchange and values commission agreed Drop your application case Against the company, awaiting the approval of the regulator commissioners.
Coinbase shares increased 4% in trade prior to the market.
In 2023, the SEC charged Coinbase to operate a Exchange of non -registered securities and not to properly record your cryptographic stagnation program. However, the case began under the former SEC president, Gary Gensler. The commission is expected to adopt a more friendly position for the cryptographic industry under President Donald Trump and Paul Atkins, the current one nominated for the president of the SEC.
The co -founder and CEO of Coinbase, Brian Armstrong, said in CNBC’s “Box“He said the company will not pay any fine. He said that the agreement to end the case marks a” great day “for Coinbase and the cryptographic industry in general.
“I think it is a really important sign that, (after) a small group of activists in this previous administration that tried to illegally attack this industry, we can change the page and finally obtain some regulatory clarity in America,” said Armstrong.
“I hope you discard all false cases, frankly, and it will be a domino effect for the rest of the industry,” he continued.
A SEC spokesman declined to comment on Coinbase’s announcement on Friday.
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