SEC Agrees to Pay $150,000 to End Coinbase Suit Over Records

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The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to end Coinbase Global Inc. ’s 2024 lawsuit seeking internal documents on the regulator’s Biden-era crackdown on the cryptocurrency industry. The agreement, outlined in a filing Wednesday in federal court in Washington, ends a two-year Freedom of Information Act legal battle between the Wall Street regulator and Coinbase. It’s also the latest sign of the SEC’s embrace of crypto under President Donald Trump as the regulator drops enforcement cases and drafts rules to cement the industry in mainstream finance. “Unlike the SEC in the previous administration, this ... Bloomberg Law provides trusted coverage of current events enhanced with legal analysis. Log in to keep reading or access research tools and resources.

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The U.S. SEC agreed to a $150,000 settlement to end a record-keeping lawsuit with Coinbase. This action signals a potential easing of legal friction between regulators and cryptocurrency exchanges. Investors view this as a positive phase where future regulatory uncertainty is gradually resolving.

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