Coinbase case officially dropped by SEC
Powered by @unfolded- The U.S. Securities and Exchange Commission (SEC) has officially dismissed its case against Coinbase with prejudice, meaning it cannot be refiled.
- The SEC initially sued Coinbase in June 2023, alleging violations of U.S. securities laws related to the integration of broker, exchange, and clearing agency functions.
- Coinbase's Chief Legal Officer stated that the dismissal is a significant correction of an "unlawful enforcement case" against the company.
- Similar to Coinbase's situation, the SEC is also reportedly agreeing to dismiss its case against Consensys's MetaMask.
https://www.theblock.co/post/343835/coinbase-case-officially-dropped-by-sec