คดีใน Alabama กับ Coinbase สิ้นสุด รอกรอบกฎหมายจากสภาคองเกรส

Alabama's Securities Commission has decided to drop its enforcement action against the cryptocurrency exchange Coinbase concerning its staking program. This decision is viewed as a sign that regulators are easing their oversight of digital asset companies under the pro-crypto direction of President Trump. According to Amanda Senn, Alabama's Commissioner, their primary focus is to maintain "market stability and integrity," and they remain committed to enforcement actions if necessary. This choice was influenced by current efforts in Congress to establish a comprehensive legislative framework for cryptocurrency regulation.

The initial enforcement action began in June 2023 when Alabama joined nine other states in alleging that Coinbase violated securities laws by not registering its staking services properly. However, with changing policies and the federal government’s more relaxed approach toward cryptocurrency, five states including Alabama have recently rescinded their actions. Coinbase's lead legal counsel Paul Grewal noted that only half of the states involved have dismissed the case, describing continued holdouts as a "waste of taxpayer resources." In contrast, Commissioner Senn emphasized that litigation is not viewed as a waste and that serious enforcement measures could be reinstated if regulations are not further developed.

Alabama’s decision to withdraw its action is partly due to being in the early stages of the litigation process. Unlike some states that issued immediate cease and desist orders, Alabama had issued a show-cause order, which served as a basis for discussions rather than halting operations altogether. Commissioner Senn highlighted that allowing time for legislative frameworks to develop could be beneficial, and noted that the U.S. Congress is actively working on crypto-related policy developments with frequent meetings and discussions.

Senn also stressed that despite the withdrawal, the Alabama commission is vigilant about fraud and consumer protection, recalling instances like the Mt. Gox Bitcoin exchange collapse, which still resonates as a cautionary tale. The state agency is prepared to intervene should cryptocurrency firms violate established norms or jeopardize consumers.

In conclusion, while Alabama's withdrawal of the enforcement action might signal a temporary reprieve for Coinbase and similar digital asset entities, it underscores a strategic pause to accommodate legislative progress, rather than a retreat from regulatory responsibilities.

Source: https://decrypt.co/316564/why-alabama-dropped-coinbase-case

Tags: #AvareumNews #Coinbase #Cryptocurrency #Regulation #Staking

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