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The SEC has agreed in principle to dismiss its lawsuit against 
Coinbase for alleged securities law violations, marking a potential turning point for Coinbase and the crypto industry.
What’s the Scoop?
- SEC Staff Agreement: The SEC staff have agreed in principle to dismiss the lawsuit against Coinbase, pending Commissioner approval.
- Vindication for Coinbase: Coinbase maintains that the lawsuit was unfounded from the start, claiming it should never have been filed.
- Implications for the Industry: Coinbase's Chief Legal Officer highlights this as a major win for the rule of law and the 52 million Americans involved in digital assets.
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