The U.S. Securities and Exchange Commission (SEC) has decided to drop its lawsuit against Coinbase Global Inc., which had accused the crypto exchange of breaching federal securities laws.
According to recent court documents, the case was dismissed with prejudice, meaning it cannot be refiled.
This marks a significant win for Coinbase and the wider crypto industry, as it removes the legal cloud hanging over the company.
The settlement comes after Coinbase and the SEC reached an agreement to dismiss the case, signaling a possible shift in how digital asset exchanges will be regulated moving forward.
Court filings confirmed that all parties involved in the case had been discharged without any associated costs.
The SEC explained that its decision to close the case was part of a broader strategy to reassess and refine its regulatory stance on cryptocurrencies, not necessarily a reflection on the substance of the original claims.
This development signals a potential change in the SEC’s approach to the crypto market, especially in light of new leadership taking charge in Washington.
Coinbase has maintained throughout the process that the lawsuit was unwarranted, reinforcing its belief that the regulator should never have pursued such an action in the first place.
Congress has officially passed President Donald Trump’s landmark economic package, a sweeping bill that combines aggressive tax cuts with deep federal spending reductions.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), known by its ticker IBIT, has surpassed the firm’s flagship S&P 500 ETF in annual revenue, according to a new report from Bloomberg.
Ripple has officially applied for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to establish a new regulatory benchmark for trust in the stablecoin market.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.