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WSJ: SEC Drops Coinbase Lawsuit, Marking End of Cryptocurrency Market's Yearslong Tough Regulatory Enforcement
BlockBeats News, February 21st. According to WSJ report, the U.S. SEC has agreed to drop the lawsuit against Coinbase, which sought to classify the company as a securities exchange, marking the end of years of tough regulatory enforcement in the crypto market.
This lawsuit was a key part of the SEC's strategy to bring cryptocurrencies under investor protection rules. Coinbase has been fighting this lawsuit, which was filed during the Biden administration, arguing that current law does not support equating crypto assets with securities.
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While the court denied Coinbase’s motion to dismiss, in the ruling the judge rejected the SEC’s claim that Coinbase was acting as an unregistered broker through its wallet app
The U.S. Securities and Exchange Commission (SEC) has once again taken action, filing a lawsuit against the U.S. compliant cryptocurrency exchange platform Coinbase, Inc. (Coinbase) and its parent company in the New York Federal Court.
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2026-11-14
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