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Coinbase CEO Gives Victory Speech After Coinbase-SEC Case Ends

In a significant legal victory for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has decided to drop its lawsuit against Coinbase without imposing any fines. Coinbase founder and CEO Brian Armstrong attributed this development to the recent political shift in Washington. Armstrong expressed gratitude to the Trump administration for its role in the ouster of SEC Chairman Gary Gensler, whom he accused of “illegal conduct” along with Senator Elizabeth Warren and some congressional allies. “Thank you Trump administration, thank you for winning the election and removing radical SEC chairman Gary Gensler,” Armstrong said. “I was confident we would have won this case in court no matter what because our facts were so strong, but this certainly expedited the process and increased accountability.” The lawsuit, which alleged that Coinbase violated securities laws by offering unregistered securities, has been a major regulatory battle between the SEC and the crypto exchange. Armstrong noted that he had raised concerns about the SEC’s regulatory approach as early as 2021, calling its actions against crypto firms questionable. Related News: BREAKING: Statement from Binance Founder Changpeng Zhao on Bybit Hack Incident! "You Should Do This" In his statement, Armstrong paid tribute to smaller crypto startups that have been forced into bankruptcy due to legal costs related to SEC enforcement actions. “I especially want to take my hat off to the crypto startups that went bankrupt because they couldn’t afford the legal fees. Even though your company is dead, the crypto industry is still alive,” he said, urging the crypto community to continue innovating despite regulatory challenges. He also expressed his appreciation to lawmakers from both political parties who support crypto innovation in the U.S., noting that pro-crypto voters have become an influential force in elections. Armstrong expressed hope that the SEC would enact meaningful reforms under new leadership, mentioning Paul Atkins, Mark Uyeda, Hester Peirce and even giving a nod to Elon Musk’s efficiency initiative “DOGE.” “Now, let’s push for crypto legislation in the US, clarify the rules, and truly begin the next phase of development,” he concluded. *This is not investment advice. Continue Reading: Coinbase CEO Gives Victory Speech After Coinbase-SEC Case Ends CoinOtag

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Bitcoin Joins Altvest Capital’s Balance Sheet in Landmark Treasury Strategy Shift

Altvest Capital Limited has become the first publicly traded company in Africa to adopt Bitcoin as a strategic treasury asset. The company announced its initial investment in Bitcoin (BTC) as part of a broader treasury management strategy, which aims to strengthen financial resilience, preserve shareholder value, and gain direct exposure to the world’s largest crypto asset. Bitcoin as Treasury Asset The company cited Bitcoin’s characteristics as its motive behind the announcement. This includes its scarcity – capped at 21 million BTC – which positions it as a hedge against inflation and currency debasement, particularly relevant given the depreciation risks associated with the South African Rand. Additionally, Bitcoin’s decentralization and censorship-resistant nature provide a level of security unmatched by other cryptocurrencies, while its increasing institutional adoption worldwide validates its legitimacy as a store of value. According to the official press release, Altvest’s board conducted a comprehensive risk assessment before making this investment, concluding that Bitcoin aligns with its alternative asset philosophy, which prioritizes long-term growth and macroeconomic risk mitigation. The company has also implemented a structured risk management framework to monitor and optimize its Bitcoin exposure in line with treasury objectives. Altvest said that while many digital assets do not meet its strict investment criteria due to inflationary supply mechanisms, centralized governance structures, and regulatory uncertainties – Bitcoin stands out as the only viable option. “Bitcoin is fundamentally different from other digital assets. It is the only truly decentralized, scarce, and globally recognized digital asset that aligns with Altvest’s investment philosophy. We see Bitcoin as a strategic reserve asset that enhances our treasury portfolio while providing a hedge against economic instability and currency depreciation.” Growing Corporate Shift Toward Bitcoin Reserves Altvest’s decision to adopt Bitcoin as a treasury asset aligns with a broader corporate shift toward digital asset reserves. The trend was catalyzed by Michael Saylor’s Strategy (formerly MicroStrategy), which began purchasing Bitcoin in 2020 and has since accumulated 478,740 BTC, which is now worth more than $47 billion. Tokyo-based Metaplanet joined the wave in April last year, amassing 2,100 BTC worth nearly $200 million. According to CEO Simon Gerovich, the company plans to expand its holdings to 10,000 BTC. The post Bitcoin Joins Altvest Capital’s Balance Sheet in Landmark Treasury Strategy Shift appeared first on CryptoPotato . CoinOtag