SEC Drops Coinbase Lawsuit With Prejudice, Marking Major Regulatory Shift
- Regulation
- Centralized Exchange
The Securities and Exchange Commission filed a joint stipulation with Coinbase Inc. and Coinbase Global Inc. to dismiss its civil enforcement action against the exchange, with prejudice—permanently closing the case and preventing refiling. The announcement came via SEC press release 2025-47, citing "pending work of the Crypto Task Force" on developing clearer digital asset policy. Crypto Twitter exploded with celebration as the official @SECGov account confirmed the dismissal, with influential accounts like @unusual_whales and @scottmelker amplifying the news. The case closure marked a dramatic regulatory U-turn following the Trump administration's crypto-friendly stance, part of a broader retreat that included dropping actions against Uniswap, Robinhood, and others. For Coinbase, the victory vindicated its years-long stance that most crypto assets aren't securities—a foundational CT narrative finally validated by federal regulators.