The US SEC's abandonment of the Coinbase lawsuit will have a demonstration effect, and the enforcement of securities laws may be severely restricted due to DOGE

Odaily News Following Coinbase and Robinhood, exchanges such as Binance and Kraken may see a turnaround. The lawsuits against these platforms are based on the same regulatory logic as the Coinbase case, and the SEC's abandonment of the lawsuit will have a demonstration effect. Regulatory expert Amy Lynch said that the SEC's enforcement of securities laws may also be "severely limited," partly due to the influence of the Department of Government Efficiency (DOGE), as DOGE may take a closer look at the SEC's internal operations and try to streamline the agency. (businessinsider)