The SEC is preparing to drop its lawsuit against Coinbase, a move that marks a significant turning point in U.S. crypto regulation. The decision comes as the commission is set to vote on a deal that was negotiated by staff, aiming to abandon the enforcement case at the heart of the agency's previous stance on cryptocurrencies.
This development could have far-reaching implications for the crypto industry, indicating a more favorable regulatory environment in the United States. Coinbase, a major player in the crypto space, has been at the center of this legal battle, and the resolution could pave the way for other crypto companies.