By Nermeen Nabil Khear 
The crypto giant has reached an agreement with SEC staff to dismiss the lawsuit against them. And the best part? No fines, no penalties, and no changes to how they do business.
“Once approved by the Commission (which we’re told to expect next week), this would be a full dismissal, with $0 in fines paid and zero changes to our business,” Armstrong said. This marks a major win for Coinbase, which has been in a legal battle with the SEC over how crypto companies should be regulated.
Coinbase’s Win Could Signal a Shift in Crypto Regulation
For months, Coinbase has been locked in a legal tug-of-war with the SEC. The regulator had accused the company of offering unregistered securities, a claim Coinbase strongly denied. Now, with this agreement, it looks like the case will soon be history.
This decision is not just a relief for Coinbase but also the broader crypto industry. Many companies have been feeling the heat from regulators, wondering if they’d be next on the chopping block. If the SEC’s commissioners dismiss the case next week, it could signal a shift in how regulators treat crypto companies in the U.S.
SEC staff have agreed to dismiss their case against us (pending Commission approval).
But this isn’t the end.
It’s the beginning.
And if there were ever a time to build—that time is now.Thank you to everyone who stood with us, and stood with crypto. pic.twitter.com/gjokUZPotz
— Coinbase
(@coinbase) February 21, 2025
Usually, when companies settle with regulators, they have to pay hefty fines or agree to new restrictions. Not this time. Coinbase is walking away scot-free, keeping its business model intact. That’s a rare outcome in a fight with the SEC.
For the crypto industry, this could be a sign that regulators are starting to rethink their approach. Some lawmakers and industry leaders argue that regulators shouldn’t apply outdated financial rules to digital assets the same way they do to traditional stocks and bonds.
More About Coinbase
Proof of Reserves for cbBTC is now live on Coinbase, giving users a way to verify that their wrapped Bitcoin is fully backed. This transparency measure allows anyone to check on-chain data and confirm that cbBTC reserves match the issued supply.
Proof of Reserves for cbBTC is now live.
Learn more. ↓ pic.twitter.com/p6CmoTTfIr
— Coinbase
By adopting Proof of Reserves, Coinbase is reinforcing trust in its wrapped BTC product. Also, it aligns with the broader push for openness in the crypto industry.
Disclaimer
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The post Coinbase to Exit SEC Lawsuit Without Fines appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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