Coinbase CEO Boasts About SEC Lawsuit Dismissal – Is Ripple Next?

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SEC vs. Coinbase: The Epic Showdown You Didn’t Know You Needed! 🎭💰

Well, well, well! Just when you thought the SEC was taking a nap, they’re back at it again! After a brief intermission in the courtroom drama between the SEC and Binance, it seems our favorite regulatory body is ready to throw in the towel against another crypto heavyweight – Coinbase! 🎉

Now, don’t get too excited, folks! The SEC still needs to give a thumbs up, but Coinbase’s big cheese, Brian Armstrong, is strutting around like a peacock, convinced that the green light will shine as early as next week. Talk about confidence! Or is it just wishful thinking? 🤔

Is This the End of the Coinbase Saga? Or Just a Commercial Break? 📺

In a plot twist worthy of a Hollywood blockbuster, the Biden administration, led by the ever-so-charming Gary Gensler, has been on a crusade against crypto companies like they’re the last slice of pizza at a party. After the spectacular crash of FTX, the SEC decided to unleash a flurry of lawsuits against digital asset companies, including our stars, Binance and Coinbase. 🍕💥

But wait! Just a few weeks ago, the Binance case hit the pause button, and now Armstrong is popping the champagne over the potential resolution of Coinbase’s own legal woes. He took to X (formerly Twitter, because why not?) to announce that after “years of litigation, millions of taxpayer dollars down the drain, and a national crisis of epic proportions, we’ve reached an agreement with the SEC to dismiss their case against Coinbase.” Cheers to that! 🥂

“They were overstepping their bounds like a toddler in a candy store, trying to make us delist assets that aren’t even securities! We played it safe, and they let us go public in 2021 after a thorough review. So, who’s the real winner here?” Armstrong quipped, probably while doing a little victory dance. 💃

And let’s not forget the political drama! Armstrong gave a nod to the Trump administration for winning the 2024 elections and for the “exit of the activist SEC head, Gary Gensler, who orchestrated this circus along with Elizabeth Warren and her merry band of Congress lackeys.” Talk about a plot twist! 🎭

Will Ripple Be the Next Lucky Winner? 🎰

But for now, folks, there’s no solid intel suggesting that the SEC is ready to call it quits on Ripple anytime soon. So, stay tuned for the next episode of “As the Crypto World Turns!” 📺

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2025-02-21 17:07