Today in Crypto, the American Commission for Securities and Exchange has abandoned prosecution against Coinbase, consensys and Gemini – marking a series of legal reversals in its repression against the cryptography industry. Meanwhile, the representative of the Democratic Party of California, Sam Liccardo, would have prepared to present the law on the same to the House of Representatives of the United States, which prohibits the publication of the same, like Trump, by civil servants.
Dry agrees to abandon the consensys trial
The American Securities and Exchange committee has in principle agreed to delete its trial against the Cabinet of Crypto Consensys – the Metamask developer. The prosecution said that the aspects of Metamask violated securities laws.
According to the co-founder of Ethereum and founder of Consensys, Joseph Lubin, the SEC has agreed to file a motion effectively putting the end of the case, and the conclusion of the dispute is still subject to the final approval of the Commission. Lubin added:
“Now we can 100% recover the building. 2025 will be the best year to date for Ethereum and Consensys. The paradigm passage to a much more decentralized world is accelerating. »»
Consensys lawyer, Bill Hughes, told Cintelegraph that the agreement to abandon disputes was quite simple and that the SEC would not impose any fine or conditions on consensys within the framework of the dismissal of the trial.
“The dispute team understood that the SEC would evolve in a new direction,” said Hughes and awarded the regulatory pivot of the Federal Agency to a change in leadership and pro-scriptto policies of the Trump administration.
“There was certainly a change of tenor in conversations after the election,” between consensys and the dry, added the lawyer.
Source: Joseph Lubin
The consensys was continued by the SEC in June 2024. The agency alleged that the company had achieved more than $ 250 million in costs by offering ignition services and digital asset exchanges via Metamask.
In relation: The dry rejects the trial against Coinbase
The Democrats of the Chamber propose the bill to prohibit presidential same: report
The US Congress is expected to consider legislation that would prohibit the issuance of the same as the Trump official token (Trump) by President Donald Trump.
The Democrats of the Chamber are preparing to introduce the modern law of emoluments and embezzlement (even), which would prohibit civil servants from taking advantage of digital assets, said the representative of California, Sam Liccardo, ABC News on February 27.
The bill would prohibit a wide range of civil servants and related persons to issue, sponsor or approve any security, product or digital active.
“Let us return corruption again,” said Liccardo, adding that American public functions belong to the public and that civil servants should not be authorized to take advantage of their political authority for financial purposes.
The Mesmes Act, which should be presented on February 27, will concern the president, the vice-president, the members of the congress, the senior branches and their spouses and the dependent children.
The sec has closed its investigation into Gemini without any action, explains Winklevoss
The United States Securities and Exchange Commission has closed its investigation into crypto exchange gemstones, adding a growing list of companies that have escaped the regulator’s examination for the moment.
In an opinion of February 26 shared by the co-founder and president of Gemini Cameron Winklevoss, the SEC said that it had concluded its survey and “on the basis of the information we have on this date”, the regulator would not recommend an action in application.
The SEC chose not to carry out an action in application against cryptographic exchange Gemini. Source: Cameron Winklevoss
The cryptography loan firm billed Genesis Global Capital Capital and Crypto Exchange Gemini to provide not registered titles as part of the Gemini’s “EARN” program on January 12, 2023.
However, the agency added that the opinion was not an exemption and that it should not be interpreted as an indication that no measure will be taken on a later date as a result of the SEC survey.
