Coinbase reaches agreement with SEC to dismiss enforcement lawsuit with prejudice

Coinbase Global, Inc.

Coinbase and SEC Staff reached agreement in principle on Feb 21, 2025 to dismiss the SEC enforcement lawsuit with prejudice, subject to Commissioner approval.
The lawsuit, filed June 2023, alleged Coinbase operated as unregistered exchange, broker, clearing agency and offered unregistered securities via staking.
Coinbase had previously sought interlocutory appeal after partial denial of judgment on pleadings in March 2024.
Dismissal with prejudice means the SEC cannot refile the same claims based on the same conduct.

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