The Ripple CEO responds to the decision of the SEC to dismiss the Coinbase case.

Coinbase CEO Brian Armstrong argued that his company signed a contract with the US Securities and Exchange Commission in the X Post published yesterday to withdraw legal measures on the exchange of regulators. Armstrong’s posts were excited in the encryption community. Ripple CEO Brad Garlinghouse responded enthusiastically to the post. He pointed out that the SEC is rapidly proceeding in the past defective policy framework. Let’s dive for more information!

The SEC drops a case of coinbase without punishment.

In 2023, the US SEC originally started legal action against coinbase. The US regulatory agency claimed that Coinbase violated the law by providing investment without registering correctly.

In the post, Amstrong said the SEC agreed to dismiss legal measures against coinbase. Coinbase CEO has specifically mentioned that the agreement contract does not require the exchange to pay a fine or change the operation.

Interestingly, the SEC has not yet issued a public statement on development.

The brand Garlinghouse reacts to the decision of the SEC

Brand Garlinghouse is one of the major cryptocurrency business leaders that came out to express the excitement of development.

GarlingHouse sees this as a serious effort to escape from the oppressive regulatory policy framework of the previous regime.

Can Ripple be next? Analyst’s weight

Attorney Jeremy Hogan predicted that the SEC would show great movements in the near future.

In particular, former SEC official John Reed Stark predicted that SEC’s lawsuit against Ripple would soon be withdrawn.

Hogan also supported Stark’s prediction.

The SEC recently submitted a opening ceremony for Ripple in the legal process. The Crypto Company must submit a cross -lip brief by April 16.