India, Feb. 21 -- Coinbase, premier cryptocurrency exchange, announced on Friday that the Trump administration has agreed to dismiss a pivotal lawsuit with potentially profound implications for the crypto industry. This decision arrives amid the administration's commitment to deregulate digital assets such as bitcoin.
In June 2023, the Securities and Exchange Commission initiated legal action against Coinbase, alleging that the company operated as an unregistered broker mirroring a similar suit filed against Binance and claimed that the firm amassed billions by functioning as an exchange, broker, and clearing agency without the requisite registration.
Coinbase now anticipates that the SEC will ratify the dismissal in the coming week, spar...