Coinbase has been released from its long-standing legal battle with the US Securities and Exchange Commission as the Agency agreed to drop the case that has been among the industry’s core struggles in the federal court.

Although the SEC’s intention to agree to close the legal dispute that had already been published when the US crypto exchange announced the agreement last week, commissioners had to pass a formal vote to ask a federal judge to throw contact. The dismissal was made in such a way that the regulator cannot change its mind later.

“It’s time for the Commission to correct its approach and develop cryptopolitics in a more transparent way,” SEC -functioning President Mark Uyeda said in a statement. SEC -Advokater already submitted a proposal to reject the case

Dropping this Main Did not free SEC from other coin base -lawyers, including the company’s petition to force the Agency to establish crypto rules and Coinbase’s persecution of internal documents in the ongoing work of the exchange to reveal the regulator’s private considerations on how to approach digital assets.

But this enforcement case was the supreme legal concern for the US public company, and it tried to raise the central legal questions about what makes a crypto security and when (and how) a digital asset must register with the agency. These basic questions are still waiting for answers to now be delivered by the American Congress.

When SEC’s previous leadership – especially Crypto Skeptic Chair, traveled, Gary Gensler began – the temporary chairman who was elevated by President Donald Trump, Mark Uyeda, to review the agency’s legal officials and its attitude towards digital assets. Uyeda appointed colleague -Commissioner Hester Peirce to run the agency’s crypto -task force, and both were vocal critics of the way Gensler approached the industry.

The digital assets sector did not have to wait for the confirmation of Paul Atkins, Trump’s choice to permanently run the agency. Both Uyeda and Peirce served as his advice when he was a commissioner in SEC, so they are largely expected to be on a course he will maintain. So far, this course has experienced a wave of abandoned crypto studies and dropped cases, including against Robinhood, Gemini and Consensys’s Metamask, and breaks of questions involving throne and binance.

The regulator no longer maintains the interpretation of the US Supreme Court’s so-called Howey test that it said had indicated that many crypto projects qualified as securities.

“Goodbye”, Chief Legal Officer Paul Grewal, who was sent on social media Site X after SEC’s announcement on Thursday. “And good riddance.”

SEC’s changed view of Coinbase, which Coindesk should first report last week, will cause the exchange to move his Washington focus against Congress and legislation, Grewal told Coindesk in a previous interview. The company is among the digital asset companies that led the creation and implementation of Fairshake PAC in the 2004 election, and set aside more than $ 160 million for an attempt to choose crypto-friendly candidates for office. Now Coinbase is trying to get a return on the investment with rules that it considers favorable.

Fairshake Pac, who shook up the campaign financing world with its large companies in the company, is still at what is diminishing in special choices as it prepares for the 2026 cycle.

Read more: SEC that is ready to drop Coinbase -The Case, marks the big moment for us Krypto

Update (February 27, 2025, 23:08 UTC): Adds comment from Coinbase Executive Paul Grewal.