Fox reporter: SEC plans to try to reach settlement with cryptocurrency companies instead of directly rejecting them

According to a report by Golden Finance, Fox Business reporter Eleanor Terrett stated in an article on X platform that legal professionals he has talked to believe that the US Securities and Exchange Commission is trying to reach a settlement for cryptocurrency companies rather than directly dismissing related lawsuits, in order to "prove" that spending millions of taxpayers' money is reasonable and save some face. In addition, Hester Peirce and Mark Uyeda, two commissioners of the U.S. Securities and Exchange Commission, did inform Coinbase that they are sorry for any inconvenience caused, which is a truly heavy blow to the enforcement system of the U.S. Securities and Exchange Commission under the leadership of Gensler and Biden.