The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Coinbase (COIN). This shows us that huge changes

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.

Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector.

The company says the commission will vote on a deal negotiated by staff to abandon the enforcement case at the core of the agency's previous crypto stance.

Coinbase is in the clear after the SEC followed through on its agreement and voluntarily dismissed its case against the crypto exchange.

The U.S. SEC has dropped its lawsuit against Coinbase, signaling a shift in crypto policy under President Trump. The SEC initially accused Coinbase of violating securities laws, particularly concerning certain crypto tokens and staking programs.

A landmark legal battle for the U.S. crypto sector, the government accusation that Coinbase ran an unregistered exchange, has been entirely abandoned.