SEC's expected move to dismiss Coinbase case signals agency 'ending the attack on the crypto industry'

The agency’s plan to dismiss its case against Coinbase indicates that the agency is working to unravel some of its past practices under former SEC Chair Gary Gensler, sources tell The Block. Coinbase met with the SEC’s enforcement division over the past several weeks and remained “steadfast” in not admitting or setting, its chief legal officer said.