Fox reporter: US SEC intends to try to reach a settlement with crypto companies instead of directly rejecting them

Fox Business journalist Eleanor Terrett wrote on X platform that the lawyers she spoke to all believed that the U.S. Securities and Exchange Commission is trying to reach settlements with cryptocurrency companies instead of directly dismissing related lawsuits, in order to "prove" that spending millions of taxpayers' money is justified and to save face. In addition, two SEC commissioners, Hester Peirce and Mark Uyeda, did apologize to Coinbase for the inconvenience caused, which is a real blow to the enforcement system of the U.S. Securities and Exchange Commission under the leadership of Gensler and Biden.