Great news! After lengthy legal battles, the US Securities and Exchange Commission has announced the dismissal of its lawsuit against Coinbase Inc. and Coinbase Global Inc. The decision was made as part of a settlement agreement between the SEC and the two Coinbase entities.
As a reminder, on January 21, 2025, the SEC launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for digital assets. While the SEC has closed its case against the largest US cryptocurrency exchange, the work of the crypto task force continues.
The decision to dismiss the case is based on the SEC's belief that it will help rethink and update the regulatory approach to the cryptocurrency industry. Notably, this conclusion does not address the claims made in the lawsuit. According to experts, the Commission's stance on cryptocurrencies in recent years has largely been expressed through enforcement actions without public participation. Now may be the time to reconsider past approaches to digital assets in light of current challenges. Of particular note are issues related to cybersecurity and fraud involving blockchain technology and cryptocurrency assets. The SEC intends to use the full range of tools at its disposal to combat illegal activity.
