New era dawns on crypto industry with SEC dismissal of Coinbase case
By 
Adrianne Appel2025-03-03T15:51:00
The Securities and Exchange Commission (SEC) dismissed its lead case against the cryptocurrency industry, a lawsuit against crypto exchange Coinbase, signaling an about-face in the agency’s enforcement approach toward digital assets under President Donald Trump.
Coinbase, the largest cryptocurrency trading platform in the world, got its start in 2019 offering a marketplace where investors could buy and sell hundreds of cryptocurrencies. However, the extremely volatile asset faced increased scrutiny during the Biden administration after numerous, high-profile instances of fraud and the collapse of FTX.
On Thursday, the SEC said it dismissed the case due to its upcoming priority to create a “comprehensive and clear regulatory framework for crypto assets,” through the newly formed Crypto Task Force.
Related articles
-
News BriefDOJ disbands crypto investigation unit, another sign of the Trump administration’s support of digital currency
The U.S. Department of Justice (DOJ) disbanded its crypto investigation unit on Monday, marking another step from President Donald Trump to support the crypto industry and lighten the regulatory burden of potential crypto crime investigations that had started under the Biden administration.
-
News BriefTrump’s pivot on crypto leads SEC to seek settlement with Gemini
The Securities and Exchange Commission (SEC)’s pivot in favor of crypto took another step as the agency indicated it wants to resolve a long-standing lawsuit against the crypto exchange Gemini.
-
News BriefCrypto exchange OKX latest target of DOJ, hit with $505M penalty over AML, KYC failures
One of world’s largest cryptocurrency exchanges agreed to pay more than $500 million in penalties and plead guilty to AML and KYC violations, along with failing to register as a money transmitting business with the U.S. Treasury Department, the DOJ said.
More from Regulatory Policy
-
News BriefHospitals, health IT face HHS crackdown for blocking electronic records
The Department of Health and Human Services is stepping up its enforcement against hospitals and other health entities that block the sharing of electronic health records.
-
ArticleDigital wallets should speed up compliance, but companies must focus on trust and security
The EU has one, the U.K. is getting one, many U.S. states are working with Google and Apple to provide one, and now industry sectors are developing their own digital wallet.
-
News BriefFinCEN again delays U.S. ban on three Mexican financial institutions
The order barring three Mexican financial institutions from doing business with U.S. financial institutions has been delayed until October.