SEC Ends Lawsuit Against Coinbase
The SEC has officially dismissed its case against Coinbase, marking a major regulatory victory for the leading U.S. cryptocurrency exchange.
Filed in June 2023, the lawsuit alleged that Coinbase had violated U.S. securities laws by offering brokerage, exchange, and clearing services without registering with the SEC.
Shifting Regulatory Landscape
The decision follows a broader shift in SEC enforcement policy under the Trump administration. In recent weeks, the SEC has:
- Dropped cases against Robinhood, Uniswap, and OpenSea
- Settled with Binance and MetaMask
- Launched a Crypto Task Force, led by Commissioner Hester Peirce, to draft formal crypto regulations
SEC Acting Chairman Mark T. Uyeda emphasized that the agency will prioritize clear regulatory frameworks over enforcement actions moving forward.
Crypto Industry Reacts
Coinbase’s Chief Legal Officer Paul Grewal welcomed the ruling, stating it “righted a major wrong.”
With the legal battle now over, Coinbase is expected to expand its crypto services, potentially launching new products and institutional offerings in 2025.
