Home > Quick > Body

Coinbase Lianchuang: Reached an agreement with the US SEC, and the relevant litigation is expected to be officially approved and withdrawn next week

clock
2025-02-21 13:10:38
Coinbase co-founder and CEO Brain Armstrong wrote on the X platform that after years of litigation, costing millions of taxpayer dollars and causing irreparable damage to the country, Coinbase reached an agreement with SEC staff to drop their lawsuit against Coinbase. Once approved by the SEC (told it will be approved next week), it will be a complete withdrawal, with zero fines and no changes to the business.
1. The Securities Exchange Commission erred in law.
2. Giving in to the demands of the Securities Exchange Commission could lead to the demise of the crypto industry in the United States.
3. Litigation dismissal is the right choice for Coinbase's customers and the industry.
Brain Armstrong said he expects the SEC to reform under the leadership of Paul Atkins, Mark Uyeda, Hester Peirce, and DOGE, and expects new and wiser people to enter leadership positions.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.

7x24 Newsflash

02:12 2025-06-14
Trump Financial Report: With $100-5 million Ethereum Wallet Assets, Trump Holds Sole Member Interest in WLFI Company
According to the 2025 Trump financial report disclosed by the US Office of Government Ethics (OGE), Trump holds between $1,000,001 and $5,000,000 in Ethereum cold wallet assets. In addition, 15.75 billion WLFI tokens are stored in another Ethereum wallet. Trump holds the sole member interest in WLFI. In addition, its subsidiary, DT Marks Defi LLC, holds 75% of the ownership share of WLFI, and third-party investors account for 25%. World Liberty Financial, Inc. mainly owns WLFI...
02:12 2025-06-14
US spot bitcoin ETF saw net inflows of $302.77 million yesterday
According to Trader T monitoring, the US spot bitcoin ETF had a net inflow of 302.77 million dollars yesterday.
01:54 2025-06-14
The US spot Ethereum ETF saw net outflows of $2.18 million yesterday
According to Trader T monitoring, the US spot Ethereum ETF had a net outflow of 2.18 million dollars yesterday.
01:54 2025-06-14
An ETH giant whale sold a total of 1,692 ETH in the past 8 hours
According to on-chain analyst @ai_9684xtpa monitoring, ETH giant whale 0x55D... D4B7A has sold a total of 1692 ETH (about $4.31 million) in the past 8 hours, with an average selling price of $2547, of which 1292 were sold directly for DAI, and another 400 $ETH was exchanged for WBTC.
01:48 2025-06-14
Bitcoin Developers Propose "Excommunication" for OP_RETURN "Garbage People"
On June 14th news, Bitcoin developer Peter Todd is formulating an unusual punishment for those who oppose his upcoming changes to the Bitcoin network. Todd insists that the default memory pool of Bitcoin Core should be able to accommodate a large amount of enterprise data storage and information unrelated to the movement of Bitcoin (BTC) on-chain. However, people who do not like the inclusion of Todd's Libre Relay for enterprise data storage create...
01:36 2025-06-14
Yesterday FBTC net inflow $25.20 million, BITB net inflow $14.90 million
According to Farside Investors monitoring data, yesterday FBTC net inflow of $25.20 million, BITB net inflow of $14.90 million.
01:12 2025-06-14
Suspected ConsenSys affiliate bought 5,463 ETH over the counter again
According to Lookonchain, a whale/institution (or associated with ConsenSys) purchased another 5,463 Ethereum over the counter. 3 hours ago, a whale/institution (possibly associated with ConsenSys) purchased another 5,463 Ethereum over the counter (OTC), worth about $14 million. In the past two weeks, the entity has received a total of 166,199 Ethereum, worth a total of $435 million, with an average purchase cost of about $2,618.
01:12 2025-06-14
The White House is reviewing the SpaceX contract
The White House has directed the Department of Defense and NASA to gather details about SpaceX's multibillion-dollar contract after Mr. Trump and Mr. Musk publicly quarreled, according to four people familiar with the matter. The administration has initiated a review that requires agencies to scrutinize contracts awarded to Mr. Musk and his companies in preparation for possible retaliation, according to people familiar with the matter. The Pentagon is also assessing whether SpaceX's involvement ...
01:00 2025-06-14
A whale address bought HYPE and FARTCOIN for $40.42 million
According to Onchain Lens monitoring, a whale address spent 40.42 million USDC to buy HYPE and FARTCOIN, including: HYPE bought 715,917 pieces with an average price of $41.16 and a total cost of $29.47 million · FARTCOIN bought 9.605 million pieces, the average price was $1.15, and the total cost was $8.78 million The whale address also bought SOL, BTC and ETH at one point, and then sold the meat to exchange for HYPE and FARTCOIN, but caused a loss of $2.17 million.
00:53 2025-06-14
Iran will strike military bases in any country that attempts to defend Israel
A senior Iranian official told CNN that Iran would strike military bases of any country trying to defend Israel. "Under international law, Iran reserves the right to respond decisively to the regime," the official said. "Any country trying to protect the Israeli regime from Iranian actions will in turn see its regional bases and positions become new targets." (Kim 10)
00:44 2025-06-14
Sharplink has fallen 91% from its highest market value due to ETH treasury panic.
On June 14th news, Sharplink Gaming, one of the largest Ethereum (ETH) treasury companies, crashed in after-hours trading yesterday, and its share price plunged from $33 at the closing bell of NASDAQ to below $11 at 8pm. Two weeks ago, Sharplink stock (SBET) was valued at $124, which means its value has shrunk by 91% since then. The market panicked over the unexpected announcement of shareholder dilution, while a viral tweet from TheBlock's Steven Zheng claimed, "...
00:41 2025-06-14
Iranian media released photos of the wreckage of the downed Israeli F-35 fighter jet
Iran's Tasnim news agency published photos of the wreckage of an Israeli F-35 fighter jet shot down by Iran on social media on the 14th. The photo was taken at night. In the photo, the wreckage of the fighter jet is still burning, and the Israeli Air Force logo is printed on the plane. According to Iranian media reports on the evening of the 13th, Iran's air defense system shot down two Israeli F-35 fighter jets that day and captured a pilot. Israeli officials have not confirmed that its F-35 fi...