Coinbase Wins Lawsuit Against SEC, Awarded $150,000
7x24h News
Coinbase Wins Lawsuit Against SEC, Awarded $150,000
According to The Wall Street Journal, Coinbase sued and won against the U.S. government's crackdown on the cryptocurrency industry through "Operation Choke Point 2.0", with the SEC ordered to pay $150,000 in compensation for deleting text message evidence. The operation previously pressured banks into cutting off business relationships with legitimate cryptocurrency businesses and users. Maxine Waters, the top Democrat on the House Financial Services Committee, also criticized the government's practice of closing citizens' bank accounts without reason or recourse.
Navigating Web3 tides with focused insightsTechFlow news, July 22, according to the Wall Street Journal, Coinbase sued and won against the US government's crackdown on the cryptocurrency industry through "Operation Choke Point 2.0" (Operation Choke Point 2.0), and the SEC was ordered to pay $150,000 for deleting text message evidence. The operation previously pressured banks, forcing them to cut off business relationships with legitimate cryptocurrency enterprises and users. Maxine Waters, the ranking Democratic member of the House Financial Services Committee, also criticized the government's practice of closing citizens' bank accounts without reason or appeal channels.
