Coinbase debuted its stock on the Nasdaq in April 2021 after the SEC reviewed the crypto exchange's business model and S1 disclosures and allowed the company to go public. However, Coinbase said that changed two years later, when the SEC sued the company "despite absolutely nothing" changing in its business model.

The U.S. Securities and Exchange Commission on Thursday dismissed its civil lawsuit against crypto exchange Coinbase Global (COIN) as the regulator pivots toward a softer stance on digital assets under the Trump administration.

Coinbase says the Securities and Exchange Commission has agreed to dismiss its case against the cryptocurrency platform, pending commission approval

The Securities and Exchange Commission has moved quickly to overhaul its ... all pending matters would be seen as unprecedented. The SEC sued both Coinbase, the largest U.S. crypto exchange, and rival trading platforms Binance in 2023.

Going case by case, regulators have halted investigations and withdrawn or paused lawsuits against top crypto companies and their executives.

The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from

Where Bitcoin goes, Coinbase’s stock follows. Shares for the most prominent crypto exchange in the U.S. plummeted by almost one third over the past two weeks to a low of about $201 when markets opened on Friday.