Cryptocurrency exchange Coinbase has claimed that the US Securities and Exchange Commission (SEC) plans to drop a lawsuit against the firm. The US regulator alleged in 2023 that Coinbase had violated laws by offering investments that are subject to its rules, without properly registering. Its boss Brian Armstrong said in a post on X that “an agreement” had been reached with the regulator’s staff to dismiss the legal action which would see it pay no fines or make any changes to how it operates, when confirmed.
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