SEC Dismisses Lawsuit Against Coinbase

The U.S. Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Coinbase, marking a major victory for the cryptocurrency exchange and reflecting the Trump administration’s pro-crypto stance. The lawsuit, filed in 2023, accused Coinbase of operating as an unregistered securities broker, but the SEC’s reversal signals a broader regulatory shift favoring digital assets. Coinbase CEO Brian Armstrong called the decision a “huge vindication,” emphasizing that the case should never have been filed. The move aligns with the SEC’s recent crypto-friendly changes, including a new task force to shape clearer regulations, and follows a pattern of softened enforcement against other digital asset firms like Binance. This shift suggests a more favorable environment for the crypto industry, potentially encouraging innovation and investment in the U.S