The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post.
Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval.
According to Coinbase, the suit being dropped should be viewed as a “major win for the rule of law”.
Trending: Kash Patel Is Already Making Huge Changes at the FBI
Coinbase says that it has always complied with the SEC since going public in 2021. However, according to the top US-based crypto exchange by trading volume, political changes at the top of the SEC caused the regulator to file an “unlawful” suit against the exchange in 2023. That lawsuit is now being dropped.
In a new interview with CNBC’s “Squawk Box“, Coinbase CEO Brian Armstrong doubles down
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!