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Coinbase announced that the US Securities and Exchange Commission (SEC) intends to drop its lawsuit against the crypto exchange, potentially ending a lengthy and significant legal battle. This development follows a shift in the SEC’s approach to regulating the crypto sector under Republican leadership. Since President Trump assumed office, the agency has intensified its oversight, creating a dedicated task force and reversing previous accounting guidance specifically related to cryptocurrencies. While the SEC declined to comment on the matter, this move signals a potentially more favorable regulatory environment for Coinbase and the broader crypto industry, marking a significant departure from the previous administration’s stance.
