ARTICLE · 26 FEBRUARY 2025

SEC Strategy Shift: Coinbase Case Collapse, Binance Stay Mark Crypto Regulatory Turning Point

Manatt, Phelps & Phillips, LLP

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Manatt, Phelps & Phillips, LLP

Manatt is a multidisciplinary, integrated national professional services firm known for quality and...

February 21, 2025 – The Securities and Exchange Commission (SEC) enforcement strategy underwent seismic changes today as the agency moved to dismiss its high-profile lawsuit against Coinbase.

SingaporeTechnology

Mike Katz

February 21, 2025 – The Securities and Exchange Commission (SEC) enforcement strategy underwent seismic changes today as the agency moved to dismiss its high-profile lawsuit against Coinbase, while simultaneously advancing its Crypto Task Force's reform agenda. This dual-track approach signals a definitive pivot from adversarial litigation to collaborative policymaking in digital asset regulation.

Regulatory Chess Moves: SEC to Drop Coinbase Case, Signals Policy Shift

1. Coinbase Case Collapses, Binance Truce

The SEC has reportedly agreed to dismiss its 2023 lawsuit accusing Coinbase of operating as an unregistered securities exchange, pending final commissioner approval expected next week. Critical details:

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SEC Strategy Shift: Coinbase Case Collapse, Binance Stay Mark Crypto Regulatory Turning Point

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