SEC Dismisses Case Against Coinbase

SEC Withdraws Legal Action Against Coinbase

After a lengthy legal confrontation, the U.S. Securities and Exchange Commission (SEC) has decided to cease its proceedings against Coinbase, marking a pivotal moment for the cryptocurrency industry in federal courts.

The U.S.-based crypto exchange had previously informed the public about this development, noting the SEC's intent to discontinue the dispute. However, the formal cessation required a vote from the SEC commissioners, who subsequently petitioned a federal judge to officially dismiss the case. Notably, the commission's sole Democrat, Caroline Crenshaw, dissented, but the dismissal is structured to prevent the SEC from reversing the decision in the future.

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