Coinbase achieved a big win because the SEC dropped the lawsuit

• According to Coinbase, the SEC has agreed to reject its complaint against the crypto exchange based in the USA.
• The SEC sued Coinbase in 2023, but with Gary Gensler's exit the regulator looks at a better regulatory approach.

The Crypto Exchange Coinbase based in the USA is set for pioneering development after the Securities and Exchange Commission has reported to reject its own lawsuit against the stock exchange.

Coinbase terminated the huge messages in an blog post on Friday, February. Coinbase CEO Brian Armstrong also shared the development in a Interview with cnbcs squawk Box.

"SEC employees have basically agreed to reject his illegal enforcement procedure against coinbase, subject to the approval of the commissioner -a great wrong wrong," wrote Coinbase -Chief Legal Officer Paul Grewal.

The CEO of Coinbase, Brian Armstrong, shared the news about X.

great news!

After years of the legal dispute, millions of their taxpayers dollars and irreparable damage that have been caused by the country, we have made an agreement with the employees of the SEC to reject their litigation against coinbase. Once approved by the commission (which will expect us next week) ... pic.twitter.com/ilnobs7n6n

- Brian Armstrong (@Brian_armstrong) 21. February 2025

sec vs. Coinbase Ending

According to the stock exchange, the decision of the regulatory authority to withdraw the case follows an agreement that does not include financial punishment against coin base. The next step is that the SEC commissioners ratify the agreement and end a large legal hurdle that retained the US cryptoma market.

"While the dismissal is a great profit for the rule of law - and a clear confirmation of our position - it will primarily be a victory for the entire industry and the 52 million Americans who have had a digital asset," added Grewal.

The SEC submitted her lawsuit against Coinbase in 2023 and accused the exchange of operating an unregistered securities exchange. The lawsuit also contained allegations of offering non -registered securities.

Coinbase denied the indictment and applied for a discharge. The industry actors criticized the then Secle Chairman Gary Gensler in the regulation through the enforcement approach. The SEC also had Binance, the world's largest crypto exchange, sued by trading volume. Other stock exchanges that come into the thread patients of the agency's "villain".

Things in the Securities Watchdog have taken a crypto -friendly turn since Donald Trump's election and the outcome of Gensler and other commissioners.

The incumbent chairman Mark Uyeda has formed a crypto -act force and renamed a assertiveness in the search for compliance with compliance and the need to protect investors.