Sponsor: Mantle — Mantle is building the largest sustainable hub for onchain finance.
It has been a great week (in regulation) for crypto, as SEC staff have begun dropping cases left and right against crypto firms. The first major development occurred last Friday when Brian Armstrong announced that Coinbase had agreed with SEC staff to drop its case, pending approval from SEC commissioners.
This case had been ongoing for nearly two and a half years, with the SEC alleging that Coinbase violated federal law by operating as an unregistered exchange. That was just the first domino. SEC staff have also begun dropping cases against companies like Uniswap, Gemini, OpenSea, Consensys, and Robinhood over similar allegations. However, these dismissals are still awaiting commissioner approval.
Subscribe for free to continue reading
- Support the Bankless Movement
- Access to thousands of articles
- Complete archive of Bankless episodes
- Embark on free quests in Airdrop Hunter
- Daily alpha in your inbox
Already subscribed? Sign in
