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the development is an overwhelmingly welcome one for the likes of Coinbase and other firms that have cumulatively spent hundreds of millions of dollars fighting the SEC in court

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Coinbase
U.S Securities and Exchange Commission (SEC)

Sources

SEC Officially Dismisses Coinbase Lawsuit Over Crypto Securities Claims

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The SEC’s dismissal reflects a broader regulatory shift driven by industry lobbying, exemplified by Fairshake PAC’s $160 million effort to elect crypto‑friendly candidates, which paves the way for more favorable digital asset regulations

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