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SEC Likely to Dismiss Coinbase Suit, Exchange Says

The regulator is poised to drop its suit against the popular American exchange.
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Feb 21, 2025 • 1 min read

The SEC has agreed in principle to dismiss its lawsuit against Coinbase for alleged securities law violations, marking a potential turning point for Coinbase and the crypto industry.

What’s the Scoop?

  • SEC Staff Agreement: The SEC staff have agreed in principle to dismiss the lawsuit against Coinbase, pending Commissioner approval.
  • Vindication for Coinbase: Coinbase maintains that the lawsuit was unfounded from the start, claiming it should never have been filed.
  • Implications for the Industry: Coinbase's Chief Legal Officer highlights this as a major win for the rule of law and the 52 million Americans involved in digital assets.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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