Coinbase Says S.E.C. Will Drop Crypto Lawsuit

Published On Feb 21, 2025, 8:25 AM

Coinbase, the largest cryptocurrency exchange in the U.S., announced a significant development where the Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against the company. This lawsuit had alleged that the digital currencies sold on Coinbase constituted unregistered securities, which posed a risk to consumers. The agreement to potentially dismiss the lawsuit without any penalties is a notable shift in regulatory stance and could signal a retreat by federal regulators from aggressive enforcement in the crypto space. This turn of events marks a significant victory for the cryptocurrency industry, especially following the regulatory pressures that had built up under the previous administration.