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Coinbase Expands Futures Market With Cardano and Natural Gas Contracts

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  • Coinbase seeks CFTC approval to launch Cardano (ADA) and Natural Gas (NGS) futures, expanding into crypto and energy markets.
  • If the CFTC raises no objections, these futures contracts will go live on March 31, reinforcing Coinbase’s regulated trading offerings.
  • ADA futures enable traders to speculate on Cardano’s price without holding the asset, while NGS futures position Coinbase in commodity markets.

Coinbase is seeking approval to list Cardano (ADA) and Natural Gas (NGS) future contracts. This addition of offerings for the energy and crypto markets would be achieved if the U.S. Commodity Futures Trading Commission (CFTC) gives them approval. They would be listed on March 31 if they are approved. This is part of the efforts of Coinbase to cover more traders.

Coinbase Derivatives has submitted self-certification documents with the CFTC for NGS and ADA future contracts. Under the self-certification, the contracts are declared to be in compliance with regulations. Pending no objection from the CFTC, they are set to become live on March 31. Coinbase is further expanding its platform with crypto and traditional future offerings.

One of the leading blockchain platforms with the most scalability, sustainability, and security is Cardano (ADA). With the launch of ADA futures, traders are now able to trade on the price of Cardano without necessarily owning the asset. This opens up the possibility of advanced risk management and leverage.

The current price of Cardano at the time of writing is $ 0.7394 with a 24-hour trade volume of $ 1.82B. It has increased 2.92% within the last 24 hours.

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Coinbase’s Bold Move with ADA and NGS Futures

The Exchange is also entering the energy sector with the launch of Natural Gas (NGS) futures. Natural gas is of vital importance to global markets, and Coinbase is looking to capitalize on this commodity. Traders will be able to bet on natural gas prices through the introduction of these futures. This puts the Exchange as a player in crypto as well as energy markets.

The introduction of regulated future contracts would assist the SEC in approving crypto ETFs. Futures contracts provide a secure platform for price discovery and risk management. Grayscale has already applied for a spot in the Cardano ETF, which may be approved in the future. The SEC is keeping close watch on increasing regulatory transparency in such markets.

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Coinbase’s entry into listing ADA and NGS futures is one of the biggest forays into the energy and crypto markets. If approved, the contracts take effect on March 31 and change the way traders trade the asset classes. The Exchange is once again positioning itself as the leader at the intersection of traditional finance and digital assets. It is one of the steps towards solidifying its role in the new world of trading.

Related |  VanEck Files for Avalanche ETF, Targeting Institutional Exposure to AVAX

Vermont Ends Coinbase Staking Case, Following SEC’s Decision to Withdraw Lawsuit

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  • Vermont drops Coinbase case after SEC abandoned similar action on February 28, 2024.
  • Coinbase urges other states to follow Vermont in recognizing staking isn’t security.
  • SEC’s crypto retreat follows Gensler’s resignation on January 20, signaling regulatory shift.

Vermont’s Department of Financial Regulation has abandoned its legal action against Coinbase, which accused the exchange of offering unregistered securities through its staking service. This decision, announced on March 13, follows the U.S. Securities and Exchange Commission’s (SEC) move to drop its own case on February 28.

The state’s regulatory authority pointed to the potential introduction of new federal guidelines as a primary reason for its decision. “In light of the dismissal of the Federal Action and likelihood of new federal regulatory guidance, the Division believes it would be most efficient and in the best interests of justice to rescind the pending Show Cause Order, without prejudice,” the department stated.

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Source: Vermont’s Department of Financial Regulation

Coinbase, which has long insisted that staking does not classify as a security, welcomed Vermont’s decision. Chief Legal Officer Paul Grewal took to X on March 13, urging other states to follow suit.  “staking services are not securities. We applaud Vermont for embracing progress and providing clarity for its citizens who own digital assets,” Grewal added.

Regulatory Shift in Coinbase Staking Case

The controversy dates back to June 2023, when the SEC sued the exchange, prompting several states—Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin—to take parallel legal action. They issued show cause orders, alleging it violated securities laws by providing staking services without a license.

The order required the exchange to provide a reason why the courts shouldn’t order them to halt the service. Vermont has now stepped back, signaling a potential shift in how regulators may approach staking moving forward.

Grewal sees this as an opportunity for broader regulatory change. “Our work isn’t over,” urging Congress to capitalize on growing bipartisan support in both chambers to enact comprehensive legislation. Policies must address the unique characteristics of digital assets, including staking, to ensure effective regulation, he stressed.

Broader SEC Retreat on Crypto Cases

Vermont’s decision comes as the SEC has been retreating from several high-profile crypto enforcement actions. The change comes after the resignation of former SEC Chair Gary Gensler, recognized for his firm approach toward cryptocurrency, who stepped down on January 20.

Meanwhile, a legal matter concerning the cryptocurrency trading firm Cumberland DRW reached its conclusion, with the SEC dropping charges on March 4. Additionally, the extended legal battle between Ripple Labs and the SEC, which has persisted for over four years, seems to be nearing its final stages.

The exchange is seeking more transparency on past SEC actions. It has filed a Freedom of Information Act request to uncover how many crypto-related enforcement actions occurred under Gensler’s leadership and their cost to taxpayers.

Related Readings | Solana Governance Vote Sets Record as Inflation Proposal Fails

Coinbase Registers with India’s Financial Intelligence Unit

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  • Coinbase secures FIU registration, expanding crypto services in India.
  • Plans to launch retail services and expand investment in India.
  • Company aims to empower crypto developers and entrepreneurs with innovative tools.

Coinbase has officially registered with India’s Financial Intelligence Unit (FIU) to enable the exchange to offer crypto trading services in the country. This registration establishes the company’s presence in one of the world’s most dynamic markets for cryptocurrency. The exchange plans to launch its retail services in India later this year, with further investment and product offerings.

Coinbase Expands Operations in India 

India is emerging as a global technology hub which has attracted a growing number of crypto developers. Coinbase’s decision to enter the Indian market highlights the country’s role in blockchain and crypto innovation. The firm’s registration with the FIU shows a commitment to comply with local regulations and foster responsible growth in the region.

India’s developer community has shown significant growth in recent years. The country’s share of global developers in the blockchain space has risen from 3% in 2018 to 12% in 2023. Coinbase views this growth as a major opportunity to support local developers and entrepreneurs to build global crypto solutions from India.

Moreover, Coinbase aims to provide access to its trusted platform and tools like Base with the company’s expansion to India. These resources will allow Indian entrepreneurs to innovate locally as well as scale their projects globally. The company believes that crypto can enhance economic freedom and technological advancement.

Coinbase’s expansion aligns with the company’s mission to increase economic independence worldwide. The exchange seeks to create a vibrant ecosystem for crypto and blockchain development in India. This is part of the company’s vision to enable developers to grow their local markets and achieve global success.

International Expansion

The company’s commitment to India extends beyond its regulatory registration. Coinbase’s Chief Legal Officer, Paul Grewal, recently joined the Board of the U.S-India Business Council (USIBC). This appointment underscores the company’s dedication to strengthen the U.S-India economic relations and enhance cross-border commercial growth.

Coinbase’s registration with the FIU marks a major step in its long-term international expansion strategy. The company aims to offer crypto services in a safe and compliant environment that adheres to local laws. The registration enables the exchange to offer crypto trading India’s market, where the demand for digital assets continues to rise.

Coinbase aims to contribute to India’s efforts to become a leader in blockchain and crypto innovation. The company works closely with regulators to ensure the responsible development of the industry and offer secure trading platforms for users in India. 

Is the FDIC Covering Up Operation Chokepoint 2.0? Coinbase Pushes for Clarity

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  • The FDIC faces criticism for withholding details about its role in Operation Chokepoint 2.0 during the Biden administration.
  • Coinbase’s legal team claims the FDIC has refused to release key documents and has heavily redacted requested records.
  • Coinbase pushes for further transparency, asking the court to compel the FDIC to testify about its actions during Operation Chokepoint 2.0.

Federal Deposit Insurance Corporation (FDIC) is being criticized on allegations of secrecy on its role in Operation Chokepoint 2.0. The operation reportedly took place while the Biden administration was in office and has received hatred from the public. Paul Grewal, the Chief Legal Officer of Coinbase has stated that the FDIC has failed to reveal important facts concerning their activities at that period.

Operation Chokepoint 2.0 was revealed in early 2023 after the crypto-friendly banks failed. This made many people to think that the government had forced banks to cut off its relationship with the cryptocurrencies. Some of them included Venture capitalist Nic Carter who stated that the government was leading a concerted effort in order to deprive participants in the crypto-sector of their ability to bank.

Coinbase Demands FDIC Clarity

Nevertheless, the FDIC has declined to open its books to the public, even when called for it by new changes in policies. In an In a series of comments Grewal made on the social media platform ‘X’ on March 8, Grewal complained that the agency does not respond to requests for clarifications. He said, “They have not understood the message.” Coinbase had demanded that the FDIC avail to it details on how the agency undertook the ‘due diligence’ exercise during the operation but the agency has refused.

Coinbase’s legal team has also used a FOIA request to seek certain information. To this end, they want to make certain that no documents related to the Operation Choke-Point 2.0 program are shredded. Nevertheless, as Grewal said, the FDIC has not produced all the requested records; most of them have been partially blacked out. He said that 53 pages of the two documents were redacted completely which made the document almost indecipherable.

Coinbase Pushes for Transparency

Another concern has been raised by the FDIC’s lack enthusiasm in sharing information. Such decisions are being made shortly after the U.S. Office of the Comptroller of the Currency (OCC) eased its positions on crypto regulation. This came after President Donald Trump declared in a White House Crypto Summit that the operation known as Operation Chokepoint 2.0 will be shut down.

Grewal also made comments regarding the lack of responses to Coinbase’s FOIA requests from the FDIC. As per him, the agency has shared samples of only a couple of documents unrelated to the issues raised by Coinbase. The two main factors of this case have raised eyebrows over what the agency might be concealing from the public.

Coinbase has urged the court to compel the FDIC to give deposition as it seeks to continue with the probe. In addition, the company filed a new FOIA request to the SEC about enforcement actions against crypto firms within the period of April 2021 to January 2025.

Coinbase Revives Push for Tokenized Securities in U.S. Market

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  • Coinbase aims to introduce tokenized securities to the U.S. market.
  • SEC’s new crypto task force signals potential for tokenization.
  • Coinbase develops a legal framework to support tokenized asset growth.

Coinbase has made a renewed push to bring tokenized securities to the U.S. market. The company sees an opportunity as the regulatory landscape shifts under the Trump administration. The company aims to introduce tokenized assets amid the growing support for cryptocurrency innovation, a move that could reshape traditional financial markets.

Coinbase to Launch Tokenized Securities in U.S Markets

Coinbase initially attempted to launch security tokens when it filed its S-1 in 2020 but faced regulatory challenges. The U.S. Securities and Exchange Commission (SEC) did not allow the company to move forward with the plan.

However, Coinbase now sees an opportunity with the SEC’s creation of a new crypto task force. The company’s Chief Financial Officer, Alesia Haas, expressed confidence that the SEC may be more receptive to such initiatives. Haas pointed out that the regulator appears more open to product innovation stating that tokenized securities could soon become a reality.

Tokenized securities are digital representations of traditional assets, such as stocks and bonds, on the blockchain. They offer greater efficiency in trading and provide a more transparent way to track ownership. Coinbase believes these assets can be bought and sold in a more streamlined process, to benefit both institutions and individual investors by using blockchain technology.

Tokenized securities face regulatory hurdles despite their significant potential. The SEC has been cautious in its approach and has often classified many digital assets as securities under U.S laws. However, as more countries, like Switzerland and Singapore, establish frameworks for tokenized securities, the U.S. may follow suit with clearer regulations.

Blockchain Token Securities Law Framework

Coinbase has been proactive in its support for the development of tokenized securities. The company has developed a Blockchain Token Securities Law Framework to guide the industry. This framework is designed to help developers navigate the legal complexities of tokenizing financial assets.

The company has also expanded its international footprint to secure licenses in jurisdictions with clearer digital asset regulations. Coinbase’s focus on international markets aligns with its strategy to diversify its revenue sources. In 2024, the company generated significant revenue from trading, staking and stablecoins, showing its ability to scale beyond traditional crypto trading.

If successful, tokenized securities could open the door for a new wave of financial innovation. Coinbase aims to make traditional financial instruments more efficient and accessible to transform the way assets are traded globally. This would benefit the crypto community and bridge the gap between traditional finance and blockchain technology.

SEC Drops Lawsuit  in Landmark Crypto Case Against Cumberland DRW

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  • SEC dismisses case after Cumberland DRW registration dispute.
  • Cumberland DRW wins as SEC scales back crypto-related cases.
  • The SEC ends lawsuit, signaling changes in crypto enforcement.

The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against crypto trading firm Cumberland DRW. The move follows a joint filing signed by both parties on March 4, after negotiations that began on February 20. This dismissal marks a shift in the SEC’s stance toward crypto-related enforcement actions.

SEC Dismisses Crypto Case Against Cumberland DRW

The case against Cumberland DRW started in 2024 where the SEC accused the company of operating as an unregistered securities dealer. The SEC claimed that Cumberland traded over $2 billion in crypto assets, some of which it classified as securities. The SEC argued that Cumberland dealt with tokens such as Polygon, Solana, Cosmos, Algorand, and Filecoin without proper registration.

Cumberland Crypto case
SEC Drops Lawsuit  in Landmark Crypto Case Against Cumberland DRW 5

Cumberland responded to the accusations and argued that it had registered as a dealer-broker in 2019. The company highlighted its extensive efforts to engage with the SEC for five years before the lawsuit was filed. Cumberland also expressed its frustrations for being unfairly targeted due to the SEC’s broader enforcement approach.

The lawsuit against Cumberland DRW centered around the claim that the company had engaged in the buying and selling of securities since March 2018. The SEC sought injunctive relief, civil penalties, and the disgorgement of alleged proceeds from the sale of securities. However, the joint filing for dismissal shows that the regulator and Cumberland DRW have reached an agreement on the issue.

SEC’s Shift in Regulatory Approach

This legal development is part of a broader trend of the SEC dropping some of its crypto-related lawsuits. The regulator previously dropped cases against major firms such as Coinbase, Kraken and ConsenSys. Moreover, the SEC recently closed investigations into NFT projects such as Yuga Labs and OpenSea, as well as exchanges such as Gemini and Uniswap Labs.

Cumberland DRW’s dismissal comes amid increased calls for the SEC to adjust its regulatory approach to the crypto industry. Although regulators continue to adjust their stance, companies within the sector still face challenges. However, Cumberland DRW has expressed satisfaction with the  resolution and termed it a significant win.

The dismissal of the SEC case comes as major crypto firms continue to question the cost of regulatory enforcement. Coinbase has submitted a Freedom of Information Act request to understand the SEC’s expenditure on enforcement against the industry. The crypto industry will continue to monitor how the SEC handles future enforcement actions.

Ark Invest Adjusts Portfolio with Coinbase and Tempus AI Buys, Bitcoin ETF Sell-Off

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  • Ark Invest boosts Coinbase and Tempus AI holdings while selling Bitcoin ETF shares.
  • Ark’s rebalancing strategy includes key buys in AI, healthcare, and crypto sectors.
  • Ark Invest sells Bitcoin ETF and defense stocks, focusing on high-growth opportunities.

The investment firm Ark Invest, under the leadership of Cathie Wood, conducted significant trading activity in its exchange-traded funds on March 3rd, 2025. The firm invested $8 million by purchasing 38,865 shares in Coinbase Global Inc. (COIN) for its Next Generation Internet ETF (ARKW). Through this recent strategic action, Ark continues to show its dedication toward cryptocurrency assets despite fluctuating markets. The corporation distributed 95,769 shares of its ARK 21Shares Bitcoin ETF (ARKB) for $8.2 million in its diversified investment approach.

These transactions align with Ark’s approach to rebalancing its funds ensuring no holding exceeds 10% of any fund’s portfolio. Coinbase now ranks as the sixth-largest holding in ARKW, with a 6% weighting and a market value of about $99.1 million as of March 3. Despite the sale ARKB remains the top allocation in ARKW, holding a 10.3% weighting valued at roughly $169.8 million.

Ark Invest’s Focus on Fintech and Technology Stocks

Ark Invest also strengthened its position in fintech and technology sectors. The firm acquired 74,111 shares of Airbnb Inc. (ABNB) for its Fintech Innovation ETF (ARKF), with the trade valued at around $10.45 million based on Monday’s closing price of $140.98. The acquisition comes after Airbnb achieved strong performance in its fourth quarter through enhanced bookings and increased market capture from traditional hotels.

Ark acquired 9,100 shares of Tempus AI Inc. (TEM) for its Innovation ETF (ARKK) and Genomic Revolution ETF (ARKG), a combined purchase of $500,082. Tempus AI’s potential growth attracts Ark as the company evaluates the market despite its reported revenue difficulties. During Q4 2024, the company demonstrated a 35.8% increase to $200.7 million. Ark’s strategic approach centers predominantly on acquiring technological and health-oriented businesses.

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Source; X

Market Context and Crypto Volatility

The trades occur against a backdrop of cryptocurrency market volatility. On March 3, Coinbase shares closed down 4.6% at $205.75, reflecting a nearly 20% year-to-date decline. Bitcoin and other cryptocurrencies retraced gains from President Trump’s announcement of a U.S. Crypto Strategic Reserve, due to concerns over new tariffs on Canada, Mexico, and China. Despite Ark’s ARKB sale, the ETF saw $58.2 million in net inflows on March 3, making it the only U.S. spot Bitcoin ETF to attract inflows that day.

While other crypto markets are uncertain, going down by 11% in the last day, Ark has made changes. Coincident with Ark, these moves indicate Ark’s active management approach, with exposure to high-growth sectors and movement with the market.

Victory for NFTs: SEC Drops Investigation Into Yuga Labs

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  • SEC ends probe into Yuga Labs, clearing NFTs securities concerns.
  • Yuga Labs’ Bored Apes see brief price rise after SEC’s decision.
  • SEC’s move marks a shift in its approach to crypto industry oversight.

The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection. The commission launched the investigations in late 2022 to determine whether Yuga Labs’ offerings violated securities laws. Yuga Labs announced the decision in a March 3 post, celebrating it as a major victory for the NFT industry.

SEC’s Investigation on Yuga Labs’ NFTs 

The SEC initially focused on whether Yuga Labs’ NFTs and its ApeCoin token could be classified as securities. This probe was part of the SEC’s broader effort to explore the regulatory status of NFTs, including fractional NFTs. The investigation, launched under former SEC Chair Gary Gensler, questioned whether some NFTs resembled traditional securities and should be subject to federal laws.

Yuga Labs NFTs case
Victory for NFTs: SEC Drops Investigation Into Yuga Labs 8

However, The SEC has not publicly explained its reason for dropping the investigation. Yuga Labs has emphasized that the ruling is a significant win for creators and the NFT space. The company reiterated that NFTs should not be considered securities under current U.S. laws.

Yuga Labs is one of the most prominent players in the NFT market. Its flagship collections such as the Bored Ape Yacht Club and Mutant Ape Yacht Club, reached peak values during the crypto bull run. The company also acquired CryptoPunks, another highly popular NFT collection, which further strengthened its position in the NFT space.

SEC Regulatory Approach

This decision to close Yuga Labs’ case aligns with a broader shift in the SEC’s regulatory approach to the cryptocurrency industry. In recent weeks, the SEC has dropped or paused investigations into major crypto companies, such as Coinbase, Kraken, and OpenSea. The agency has also reorganized its crypto division, forming a new Cyber and Emerging Technologies Unit (CETU) to provide clearer regulatory guidelines.

Yuga Labs, led by CEO Greg Solano, has continued to focus on expanding its crypto-native initiatives. The company remains a key player in the evolving NFT landscape despite the market challenges. The end of the SEC investigation provides some relief to the company and its supporters, who have advocated for clearer regulatory frameworks for NFTs and related tokens.

Yuga Labs’ victory signals a shift in how such assets may be viewed under U.S. law. This development may shape the future of NFTs and their integration into the broader financial ecosystem.

Price Action

Following the SEC’s decision, the floor price of Bored Ape NFTs on OpenSea saw a brief uptick, rising to 13.75 ETH. However, the price is still significantly lower than its peak in May 2022 when it reached over 153.7 ETH. Other Yuga Labs collections such as Mutant Apes and CryptoPunks, have also experienced steep price declines in recent months.

Coinbase Takes on SEC: Demands Full Breakdown of Crypto Crackdown Costs

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Key Takeaways:

  • Coinbase has filed a FOIA request demanding transparency on the SEC’s expenditures in its enforcement actions against crypto.
  • The request seeks details on how much taxpayer money was spent on investigations and lawsuits targeting digital assets.
  • The move challenges the regulatory approach under former SEC Chair Gary Gensler.

Coinbase has escalated its battle with the U.S. Securities and Exchange Commission (SEC) by demanding clarity on the agency’s financial resources spent on crypto enforcement actions.

Paul Grewal, Coinbase’s Chief Legal Officer, took to X to announce that the company had filed a Freedom of Information Act (FOIA) request. The request seeks details on how much taxpayer money was allocated to the SEC’s regulatory actions against crypto firms during former Chair Gary Gensler’s tenure.

The move underscores Coinbase’s ongoing critique of the SEC’s “regulation-by-enforcement” approach. Grewal highlighted that this method has already cost the U.S. innovation, global leadership, and jobs. Now, Coinbase wants to quantify its impact on taxpayers.

FOIA Request Demands SEC Budget Transparency

In its FOIA filing, Coinbase has requested access to records detailing the SEC’s financial expenditures on digital asset investigations and enforcement actions. The company specifically seeks documents showing the total costs of these efforts from April 17, 2021, to January 20, 2025.

The request outlines several key points, including:

  • The SEC’s total annual spending on investigations and lawsuits targeting digital assets.
  • The number of full-time SEC employees assigned to these enforcement actions, along with their total compensation.
  • The agency’s budget for third-party contractors such as expert witnesses and consultants involved in crypto-related cases.
  • The hours spent by SEC personnel on crypto-related probes and lawsuits.

Coinbase’s inquiry extends to the financial records of the SEC’s Crypto Assets and Cyber Unit, which has been central to its enforcement actions. The exchange argues that these disclosures will shed light on the true cost of the SEC’s aggressive stance against the industry.

Coinbase Pushes for Greater Regulatory Clarity

Coinbase’s latest move signals its broader push for regulatory transparency. The company has long argued that the SEC’s approach has stifled innovation and driven crypto businesses offshore. The FOIA request is part of Coinbase’s ongoing legal and political efforts to push for clear, fair, and transparent crypto regulations.

If the SEC complies with the request, the findings could fuel further debate over the agency’s role in shaping the future of digital assets. A disclosure of excessive spending could strengthen the argument that enforcement alone is ineffective for overseeing the industry.

Related Reading | Dogecoin Rebounds—Is a Historic Price Surge Around the Corner?

SEC Moves to Dismiss Lawsuit Against Coinbase

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  • SEC drops Coinbase lawsuit, signaling shift in regulatory strategy.
  • SEC’s Crypto Task Force aims to create clearer crypto regulations.
  • Coinbase pushes for formal rules on digital asset classification.

The U.S. Securities and Exchange Commission (SEC) has moved to dismiss the lawsuit against Coinbase, marking a shift in its approach to cryptocurrency regulation. Initially filed in 2023, the lawsuit accused Coinbase of operating as an unregistered securities exchange. The SEC claimed that the exchange facilitated the trading of crypto tokens that should have been registered as securities.

Coinbase Continues Legal Fight Amid SEC’s Shift in Strategy

Acting SEC Chairman Mark Uyeda emphasized that the agency’s previous strategy relied on enforcement actions without adequate public engagement. He emphasized the need for greater transparency and clearer regulatory guidelines for the crypto industry. Consequently, the SEC established a Crypto Task Force in January 2025 to establish a more structured regulatory framework.

SEC dismisses Coinbase case
SEC Moves to Dismiss Lawsuit Against Coinbase 10

However, Coinbase still faces significant legal challenges. The company continues to advocate for clearer regulations on what constitutes a crypto security and how digital asset exchanges should register with the SEC. Coinbase’s legal team has also pushed for the SEC to establish formal rules for the industry, an issue that remains unresolved.

SEC Commissioner Hester Peirce, a vocal critic of the agency’s approach, expressed her disagreement with the enforcement action against Coinbase. She argued that the SEC’s reliance on enforcement created uncertainty within the crypto market. Peirce believes that the SEC should focus on clear and transparent regulations rather than enforcement actions that hinder innovation.

SEC Dismisses High-Profile Crypto Cases

The dismissal of the Coinbase case is part of a broader trend under the new SEC leadership, which has recently dropped several high-profile cases. These include lawsuits against Robinhood, Uniswap and ConsenSys’ MetaMask. This shift suggests that the SEC is re-evaluating its approach in the regulation of the crypto industry and may ease its enforcement actions in future.

This latest move from the SEC signals a potential shift toward more predictable and transparent regulation of the crypto space. However, questions about the classification of digital assets and the regulatory requirements for exchanges remain unresolved, with the hope that Congress will address these issues in the near future.

Price Action

Coinbase’s stock price has faced volatility following the announcement, as broader market conditions also impacted its performance. However, the dismissal of the case may offer some relief to the exchange and its investors. However, the company’s ongoing legal disputes with the SEC over crypto rules remain unresolved.