Coinbase Leadership Says SEC Will Drop Its Lawsuit Against the Exchange

Coinbase Leadership Says SEC Will Drop Its Lawsuit Against the Exchange
Brian Armstrong, CEO and co-founder of Coinbase, speaks during a conference in Beverly Hills, Calif., on May 2, 2022. Patrick Fallon/AFP via Getty Images
Austin Alonzo
Updated:

Cryptocurrency exchange operator Coinbase said the U.S. Securities and Exchange Commission (SEC) will drop a key suit against the company.

On Feb. 21, Coinbase Global Inc. Chief Legal Officer Paul Grewal published a blog post on the company’s website that said the SEC’s staff has “agreed in principle to dismiss its unlawful enforcement case against Coinbase, subject to Commissioner approval.”
Austin Alonzo
Austin Alonzo
Reporter
Austin Alonzo covers U.S. political and national news for The Epoch Times. He has covered local, business and agricultural news in Kansas City, Missouri, since 2012. He is a graduate of the University of Missouri. You can reach Austin via email at [email protected]
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