Market News
US securities regulator to drop lawsuit against Coinbase, firm says - REUTERS
By Hannah Lang and Chris Prentice
Summary
- Move would end years-long legal battle
- SEC under Trump has quickly overhauled approach to crypto
- Federal judge has paused SEC lawsuit against Binance
Feb 21 (Reuters) - Coinbase (COIN.O) said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector.
The Securities and Exchange Commission has moved quickly to overhaul its approach to policing the crypto sector under Republican leadership since President Donald Trump took office. The agency has established a dedicated task force and rescinded key crypto-related accounting guidance.
