SEC to Drop Lawsuit Against Coinbase

Coinbase and SEC Legal Dispute Nears Resolution

After years of legal battles, Coinbase announced that the SEC has agreed to drop its lawsuit against the company. This decision marks a significant moment in the long-standing dispute between the two, with Coinbase defending itself throughout the process.

SEC staff have agreed to dismiss their case against us (pending Commission approval).
But this isn’t the end.
It’s the beginning.
And if there were ever a time to build—that time is now.

Thank you to everyone who stood with us, and stood with crypto. pic.twitter.com/gjokUZPotz

— Coinbase ??? (@coinbase) February 21, 2025

SEC's Agreement to Dismiss the Case

The SEC has agreed, in principle, to dismiss its enforcement lawsuit against Coinbase. The final decision is pending approval from the SEC's commissioners, which is expected to happen next week. This agreement signals an end to the legal tensions between the two parties.

No Settlement or Compromise Involved

The agreement to drop the case comes with no settlement or compromise. Coinbase did not concede to any penalties or terms, and the SEC has decided to close the case without any conditions or financial settlements.

Implications for Coinbase and the Crypto Industry

This decision is a major victory for Coinbase and could set a precedent for future regulatory actions in the cryptocurrency industry. It reflects a potential shift in the approach of regulatory bodies like the SEC toward crypto companies, providing some relief to the industry.