# SEC Likely to Dismiss Coinbase Suit, Exchange Says

*Author: Bankless*
*Published: Feb 21, 2025*
*Source: https://www.bankless.com/read/sec-likely-to-dismiss-coinbase-suit-exchange-says*

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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.