Crypto don win! Sec don drop coinbase
06, May 2025
Crypto Don Win! SEC Don Drop Coinbase Case
SEC People Don Gree Cancel Di Coinbase Court Matter.
No more wahala wey dem dey use power anyhow.
No more fear say dem go just arrest person for nothing.
Na full green light make we run our package without wahala or shaking.
No be say I dey talk about when my mama pursue her useless boyfriend, Dave.
(Even though e get small resemblance sha.)
This one sweet pass! SEC people don gree cancel di case wey dem carry go court for Coinbase, dem just dey wait make di main SEC Commission sign off.
In case you miss am: For June 2023, SEC talk say Coinbase dey help people trade 13 tokens wey dem call "unregistered securities" (like Solana, Near, and Polygon).
Di thing funny because na dis same SEC for 2021 allow Coinbase enter stock market and some of dis same tokens dey di platform since dat time.
For Coinbase e bad small, but e even worse for any other company wey wan do crypto business for Yankee. Di message clear:
"No start anything. No try grow. If you try am, we go sue you."
Wetin Dis New Update Mean?
As dem drop di case, e mean say other crypto companies for Yankee fit start dey build without fear again.
Before now, many companies and investors no wan touch crypto because dem dey fear SEC wahala now di fear don reduce.
Coinbase sef fit run both offline and online project without fear again (dem don loose di chain wey hold dem).
We fit even see plenty fresh money enter Coinbase side for di next few months (but dem go wait till di case cancellation don confirm finish).
Na beta news full dis thing. Almost. Di only wahala small be say:
Because di case no reach final judgment, no legal rule go dey to confirm say di tokens no be securities.
(But e get as e be because court fit even rule say di tokens na securities if di case go far.)
Anyhow, dis one na big morale boost for di US crypto industry, and di vibes fit even spread go global level (because crypto no get boundary!).
In short: Di whole crypto space for US now get that "Dave no go show face again".
E dey hot!
Froala Editor