The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Coinbase without imposing fines in a win for the cryptocurrency industry. Coinbase CEO Brian Armstrong attributed the decision to the recent political shift in Washington, expressing gratitude to the Trump administration for removing SEC Chairman Gary Gensler. The lawsuit, which accused Coinbase of offering unregistered securities, has been a major regulatory battle. Armstrong criticized the SEC's regulatory approach, acknowledging the impact on smaller crypto startups forced into bankruptcy. He urged the crypto community to continue innovating despite regulatory challenges and called for meaningful reforms under new SEC leadership.



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