SEC agrees to drop enforcement case against Coinbase

cointelegraphPublicado em 2025-02-20Última atualização em 2025-02-21

The United States Securities and Exchange Commission (SEC) has agreed to dismiss the lawsuit against centralized exchange firm Coinbase, accusing the company of operating as an unregistered securities broker.

According to an announcement from Coinbase, the lawsuit dismissal is still subject to approval by an SEC commissioner before it is officially withdrawn. Coinbase CEO Brian Armstrong said:

"If this goes through, it's a really big deal, not just for us, but for the whole crypto industry. The 50 million Americans who hold crypto, and I think for the rest of the world because this is an important signal about where things are going."

The SEC sued Coinbase in June 2023 amid a torrent of litigation against the crypto industry, attempting to frame many firms and projects as either unregistered securities brokers or securities in and of themselves — placing heavy regulatory and financial pressure on the industry.

Related: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate

This is a developing story, and further information will be added as it becomes available.

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