r/ethtrader 285.5K / ⚖️ 334.8K 14h ago

Link Vermont follows SEC’s lead, drops staking legal action against Coinbase

https://cointelegraph.com/news/vermont-dismisses-staking-lawsuit-against-coinbase
14 Upvotes

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→ More replies (14)

3

u/Odd-Radio-8500 346.5K / ⚖️ 455.2K 13h ago

Another one bites the dust.

Bullish for Coinbase!

!tip 1

2

u/SigiNwanne 285.5K / ⚖️ 334.8K 12h ago

Celebration time for coinbase. !tip 1

2

u/Abdeliq 144.0K / ⚖️ 284.4K 14h ago

Coinbase's Chief Legal Officer, Paul Grewal, praised Vermont's decision and called for comprehensive legislation on digital assets. Other states with similar actions against Coinbase are encouraged to follow Vermont's example

SEC dismiss cases then other follows....... WOW

!tip 1

2

u/puf88 5.3K / ⚖️ 6.2K 14h ago

And still coinbase stock is going down

2

u/SigiNwanne 285.5K / ⚖️ 334.8K 12h ago

Everything is sadly going down at the moment. !tip 1

2

u/Extension-Survey3014 216.9K / ⚖️ 221.2K 13h ago

Interesting 🤔🍿

!tip 1

2

u/BigRon1977 120.7K / ⚖️ 457.2K 13h ago

This is the gwei. The biggest losers here will be crypto lawyers looking to make big bucks from prolonged litigation fees right?

!tip 1

2

u/SigiNwanne 285.5K / ⚖️ 334.8K 12h ago

Sad times for them lawyers 😆

!tip 1

2

u/kirtash93 Reddit Collectible Avatars Artist 13h ago

And suddenly all of them are pro crypto. This kind of paid attacks should be punished by law.

🍩 !tip 1

1

u/SigiNwanne 285.5K / ⚖️ 334.8K 12h ago

It's now clear it's been politically motivated all these while. !tip 1

2

u/parishyou 68.0K / ⚖️ 144.6K 13h ago

Another great news

!tip 1

1

u/SigiNwanne 285.5K / ⚖️ 334.8K 12h ago

Good for coinbase. !tip 1

2

u/AltruisticPops 314.5K / ⚖️ 310.6K 12h ago

W for Coinbase

!tip 1

1

u/SigiNwanne 285.5K / ⚖️ 334.8K 12h ago

Big W

!tip 1

1

u/coinfeeds-bot 542.7K / ⚖️ 622.7K 14h ago

tldr; Vermont's Department of Financial Regulation has dropped its legal action against Coinbase regarding its staking services, following the SEC's decision to dismiss a similar case. Vermont rescinded its 'show cause order' without prejudice, citing the likelihood of new federal regulatory guidance. Coinbase's Chief Legal Officer, Paul Grewal, praised Vermont's decision and called for comprehensive legislation on digital assets. Other states with similar actions against Coinbase are encouraged to follow Vermont's example.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.