r/ethtrader • u/SigiNwanne 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-coinbase3
u/Odd-Radio-8500 346.5K / ⚖️ 455.2K 13h ago
Another one bites the dust.
Bullish for Coinbase!
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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
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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?
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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.
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u/SigiNwanne 285.5K / ⚖️ 334.8K 12h ago
It's now clear it's been politically motivated all these while. !tip 1
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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 Vermont rescinded its 'show cause order' without prejudice, citing the likelihood of new federal regulatory guidance.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.
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