The U.S. SEC is nearing the end of its case against Coinbase, while Tether is involved in shaping new stablecoin regulations.
Coinbase Lawsuit Nearing a Resolution
The SEC informed a Manhattan appeals court about the potential settlement in its lawsuit against Coinbase. However, the agency needs 30 more days to respond to the company's legal challenge. The case began in 2023 with an attempt to compel Coinbase to operate under Wall Street rules.
Tether's Involvement in Stablecoin Legislation
Tether actively participates in the development of stablecoin legislation despite recent criticism in Washington. Stablecoins like Tether are backed by assets such as U.S. dollars. Last month marked a turning point for Tether, involving cooperation with the U.S. Congress towards new legislative frameworks.
CFTC Leadership Changes under Trump
With shifts at the CFTC, new leader Brian Young has taken the position of enforcement director. This move is part of the Trump administration's broader strategy to reshape financial oversight to support crypto-friendly policies.
The future of cryptocurrency regulation in the U.S. remains uncertain as major players like the SEC and Tether play pivotal roles in transforming the sector.
