The United States Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit with Coinbase Global Inc.

According to court filings, the case was dismissed with prejudice against the defendant(s).

The United States Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit with Coinbase Global Inc. over its alleged violations of Federal Securities laws. The case, which was filed in March, claimed that Coinbase had sold unregistered securities to the public.

According to court filings, the case was dismissed with prejudice against the defendant(s). All defendants are now discharged without costs under Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure, and the case is closed.output: The United States Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit with Coinbase Global Inc. over its alleged violations of Federal Securities laws. According to an X update from Inner City Press based on the c filing, the case was dismissed with prejudice against the defendant(s), and all defendants are now discharged without costs. This Coinbase and US SEC case closure was teased about a week ago, setting the new direction for enforcement actions relating to digital currency trading platforms in the industry. According to a report by X news outlet Inner City Press, the case, which was filed in March, claimed that Coinbase had sold unregistered securities to the public. The regulator also alleged that the exchange failed to register as a national securities exchange or a clearing house.

The apex US bourse regulator had sued Coinbase for allegedly operating as an unregistered exchange, broker-dealer, and clearing agency in violation of federal securities law. The SEC's complaint stated that Coinbase's platforms facilitated the buying, selling, and trading of cryptocurrencies, which the regulator asserted were "securities."output