Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit — and beat it
Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again. The move, which is still subject to the approval of the SEC’s Commissioners, is yet another signal that the Trump administration plans to be more friendly to crypto than the SEC was under former leader Gary Gensler. The SEC’s lawsuit, filed in 2023, alleged that crypto assets were securities and that Coinbase was operating as “an unregistered national securities