Breaking: US SEC Agrees To Drop Lawsuit Against Coinbase

Coinbase has revealed that the US SEC has agreed to drop the long-running legal battle against the top crypto exchange. This represents a massive development in the Commission’s move to create a regulatory-friendly environment for the crypto industry.

US SEC To Drop Lawsuit Against Coinbase

In a press release, Coinbase revealed that the US SEC staff has agreed in principle to dismiss its “unlawful enforcement” case against the crypto exchange, subject to Commissioner approval. The top crypto exchange highlighted how this move rights a “major wrong.”

Coinbase noted that it has always maintained that it was right on the facts and the law and that today’s announcement confirms that the US SEC should have never filed this case in the first place.

Coinbase’s Chief Legal Officer Paul Grewal said this is a victory not just for the exchange but for customers, the United States, and individual freedom.

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