Wu said that the US Securities and Exchange Commission (SEC) announced an agreement with Coinbase Inc. and Coinbase Global Inc. to withdraw civil enforcement cases against both. The SEC stated that considering its cryptocurrency working group, established on January 21, 2025, is developing a clear regulatory framework, revoking this case will help promote regulatory reform in the cryptocurrency industry. The SEC has not yet evaluated the specific allegations in the case, and the decision to withdraw the lawsuit does not represent its position on other cases. The encryption and emerging technology sector will continue to crack down on fraudulent activities involving blockchain and encrypted assets. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38707