Coinbase says SEC intends to drop lawsuit against crypto exchange

| Importance: 8/10 | Status: confirmed

The SEC agreed to drop its two-year lawsuit against Coinbase, marking a potential shift in the regulatory agency’s approach to cryptocurrency exchanges. Initially filed in June 2023, the lawsuit accused Coinbase of operating an unregistered securities exchange. The dismissal came after Coinbase spent over $50 million in legal defense and continued to challenge the SEC’s regulatory interpretation.

Key Actors

Donald Trump Trump Administration Gary Gensler SEC Coinbase Global Inc.

Tags

crypto regulatory-capture justice-weaponization sec financial-regulation

Sources (3)

Help Improve This Timeline

Found an error or have additional information? You can help improve this event.

✏️ Edit This Event ➕ Suggest New Event

Edit: Opens GitHub editor to submit corrections or improvements via pull request.
Suggest: Opens a GitHub issue to propose a new event for the timeline.