A separate SEC lawsuit filed against Coinbase in 2023, which alleged the company operated as an unlicensed broker and marketed digital currencies illegally, was dropped shortly after President Trump took office

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The agency recently dropped a separate lawsuit that alleged the exchange had operated as an unlicensed broker and clearing house
the SEC dropped a separate lawsuit that alleged the exchange had operated as an unlicensed broker and clearing house.
amid a wave of reneged enforcement actions and investigations opened during Gary Gensler’s tenure as SEC chair.
Not long after President Trump took office, Coinbase, the largest U.S. cryptocurrency exchange, got some good news: The Securities and Exchange Commission was dropping a lawsuit that had accused the company of illegally marketing digital currencies to the public.