SEC Ends Coinbase Lawsuit? Armstrong Claims Victory, Ripple CEO Weighs In

Coinbase CEO brian armstrong brian armstrong Brian Armstrong is one of the most well-known figures in the crypto industry today. He is an American investor, entrepreneur, and business executive. He is the CEO of Coinbase, a cryptocurrency platform. He is also a sought-after crypto expert and is often invited to speak at conferences all over the globe.
Details: Organization: Coinbase
Location: United States
Education: Master’s Degree in Computer Science from Rice University and Bachelor’s Degree in Computer science and economics from Rice University
Skills: Ruby and Javascript Experience: CEO & Co-Founder of Coinbase from Jun 2012 to Present
Technical Product Manager at Airbnb from May 2011 to Jun 2012
CEO and Cofounder of UniversityTutor.com from Aug 2003 to May 2012 FAQ’s
1.What is the net worth of Armstrong?
Armstrong has a net worth of $2.4B
  EntrepreneurInvestorDeveloper/ProgrammerCrypto and Blockchain Expert announced on X that the U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against the exchange. The news has sparked excitement in the crypto community, with Ripple CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the “Peanut Butter Manifesto,” requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.
Details:
Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups
Experience:
CEO at Ripplefrom from Jan 2017 – Present ·President and COO at Ripple logo from Apr 2015 – Dec 2016Board Member at Animoto from 2012 – Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 – 2016CEO at Hightail from May 2012 – Sep 2014
FAQs
Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse’s role at Ripple?Garlinghouse is in charge of Ripple’s expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction. EntrepreneurInvestorChief Executive OfficerBoard Member welcoming what he sees as a shift away from the SEC’s previous regulatory approach.

Here’s what you need to know.

SEC’s Legal Battle with Coinbase: A Quick Recap

The SEC filed a lawsuit against Coinbase in 2023, accusing the exchange of offering unregistered investment products. This was part of the regulator’s broader crackdown on crypto companies that it claimed were operating outside U.S. securities laws.

Armstrong stated that the SEC’s agreement does not require Coinbase to pay fines or change how it operates—an outcome that has surprised many in the industry. However, the SEC has yet to release an official statement confirming this settlement.

Ripple CEO and Legal Experts React

Brad Garlinghouse, a key figure in the crypto space, praised the development, saying it signals a move away from past regulatory policies.

Legal experts have also weighed in. Attorney Jeremy Hogan speculated that the SEC could be preparing for bigger regulatory changes. Former SEC official John Reed Stark went further, predicting that the SEC might soon drop its lawsuit against Ripple—an idea Hogan supports.

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What’s Next for Ripple?

Despite these predictions, the SEC recently filed its opening brief against Ripple in an ongoing legal battle. Ripple has until April 16 to submit its cross-appeal brief, showing that the case is far from over.

As regulatory decisions continue to shift, the crypto industry will be watching closely to see if the SEC’s stance on Coinbase signals a broader change in approach.

Whether this is a true policy shift or just a one-off decision remains to be seen.