Coinbase says the SEC has agreed to end enforcement case against crypto exchange

Group 1 - Coinbase announced that the SEC has agreed to drop its enforcement case against the company, pending approval from the regulator's commissioners, leading to a 4% rise in shares during premarket trading [1][2] - The SEC had previously charged Coinbase in 2023 for operating an unregistered securities exchange and failing to register its crypto staking program, a case initiated under former SEC Chair Gary Gensler [2] - Brian Armstrong, CEO of Coinbase, described the agreement to end the case as a "huge day" for both Coinbase and the broader crypto industry, indicating a shift towards regulatory clarity in the U.S. following a previous administration's actions [3]