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ARTICLE · 03 MARCH 2025

SEC Withdraws From Prominent Crypto Enforcement Amid Regulatory Shift

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Just over one month into the second Trump Administration, the crypto industry appears poised to notch yet another victory in its longstanding tug-of-war with regulators...

United StatesTechnology
Christopher Bosch
Christopher Bosch
Maxwell Earp-Thomas
Maxwell Earp-Thomas
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Just over one month into the second Trump Administration, the crypto industry appears poised to notch yet another victory in its longstanding tug-of-war with regulators — perhaps its most significant to date. On February 21, Coinbase Chief Legal Officer Paul Grewal announced via blog post that the U.S. Securities and Exchange Commission ("SEC") is set to drop its enforcement action against the company. The lawsuit, which claimed that the company had failed to fulfill registration requirements, has been one of the SEC's highest-profile crypto cases.

The post stated that the SEC had "agreed in principle" to dismiss the case. The action must still be approved by the three sitting SEC commissioners, including Commissioner Hester Peirce and Acting Chair Mark Uyeda, both of whom have previously expressed crypto-friendly views.

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