Coinbase has reached a settlement with the U.S. Securities and Exchange Commission (SEC), resulting in the agency dropping its lawsuit against the cryptocurrency exchange. The decision was made by the SEC commissioners in a formal vote. However, this does not resolve other legal matters involving Coinbase, including its petition for the SEC to establish clear crypto rules and its pursuit of internal documents from the regulator on its approach to digital assets. The dismissal of the case is seen as a significant win for Coinbase, as it addresses the central legal questions surrounding crypto securities and registration with the SEC. The SEC's approach to digital assets has undergone changes with the departure of former SEC Chair Gary Gensler, and the new leadership aims to establish a more transparent crypto policy. Coinbase will now shift its focus to Congress and legislation regarding regulation. Additionally, the Fairshake PAC, which Coinbase contributed to, continues to support crypto-friendly candidates for office.



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