Crypto Company Says It Reached Agreement For SEC To Drop Enforcement Case

( February 26, 2025, 9:48 AM EST) -- NEW YORK — In a Form 8-K filing, Coinbase Global Inc. said it has reached an agreement in principle with the Securities and Exchange Commission to jointly dismiss litigation the SEC brought against it alleging that the company engaged in the unregistered sale of securities; on the same day the Second Circuit U.S. Court of Appeals granted the SEC’s motion for an extension to respond to Coinbase’s petition for permission to file an interlocutory appeal of a lower court’s divided ruling on its motion for judgment on the pleadings....