The cryptocurrency exchange Coinbase announced that the Securities and Exchange Commission has agreed to drop its lawsuit against the company, signaling a retreat by federal regulators and lifting a legal cloud over the global crypto industry. The S.E.C. sued Coinbase in 2023 for selling unregistered securities, but a settlement agreement has been reached without financial penalty, pending S.E.C. approval, marking a significant victory for the industry after years of legal battles and potential regulatory threats. This resolution reflects a broader trend of billionaire tech executives influencing softer crypto regulation in Washington, with Coinbase CEO Brian Armstrong being one of the wealthiest tech executives in the country.
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Sri Mandir keeps investors hooked as digital devotion grows
AppsForBharat Raises $20 Million for Sri Mandir App Indian startup AppsForBharat has secured $20 million in a Series C funding round led by Susquehanna Asia Venture Capital, just nine months after raising $18 million. The Hindu devotional app Sri Mandir continues to gain traction among devotees and investors alike. Explain It To Me Like I'm 5: AppsForBharat, the company that made a special app for people who love Hindu prayers, got $20 million to help...
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