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Coinbase and SEC: Game over for the lawsuit between the two parties
By Daniele Corno
After years of conflict, Coinbase reaches an agreement with the SEC: Charges against the Nasdaq-listed exchange are dismissed
Towards a new beginning
The direction of regulatory bodies is changing under the new Trump administration. After years of conflict, Coinbase has managed to reach an agreement with the SEC to dismiss the case between the two parties.
According to a detailed post on X shared by Brian Armstrong, Founder and CEO of Coinbase, the lawsuit between the exchange and the SEC is nearing its conclusion. However, this will have to be submitted for approval by the commission, which is expected next week.
Great news!
After years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country, we reached an agreement with SEC staff to dismiss their litigation against Coinbase. Once approved by the Commission (which we’re told to expect next week)… pic.twitter.com/IlnoBs7N6n
— Brian Armstrong (@brian_armstrong) February 21, 2025
The decision represents an important victory not only for Coinbase but for the entire sector in the United States. The exchange company has always maintained that the case should never have been brought, highlighting how the SEC had overstepped its regulatory powers.
According to Armstrong, the litigation has required considerable resources, both in economic terms and in terms of time, but it has proved necessary to defend the rights of the industry and its users.
The CEO emphasized that there will be no compromise or fine: the SEC will simply drop the charges. However, according to Armstrong, the fight for clear and transparent regulation is far from over.
A new regulatory scenario
The decision to dismiss the case without sanctions marks a crucial moment for the crypto industry in the United States.
Armstrong in fact defined the outcome of the dispute as a clear demonstration of how the SEC, under its previous leadership, acted beyond its powers, attempting to limit the sector without a clear regulatory framework.
Armstong highlighted the role of the Trump administration in re-establishing a balance, favoring a more open approach to financial innovation. This case could pave the way for new, clear rules, reducing the risk of new legal disputes and allowing crypto companies to operate with greater security.
Furthermore, according to Paul Grewal, Chief Legal Officer of Coinbase, the closure of the case with prejudice will prevent the SEC from replicating similar lawsuits against any other entity.
