Grand Theft America / Receipt money-2025-02-27-011
SEC dismisses civil enforcement action against Coinbase
The SEC filed a joint stipulation to dismiss its civil enforcement action against Coinbase on February 27, 2025.
What happened
In press release 2025-47, the SEC said it dismissed the case citing the pending work of its new Crypto Task Force, and stated the decision rested on regulatory-reform judgment rather than the merits. Coinbase paid no penalty and made no business changes. Coinbase is not a Trump-family company, but the dismissal is part of a broader rollback of crypto enforcement that has benefited firms tied to Trump ventures; no dollar figure attaches.
Why it matters
The SEC dismissed its case against Coinbase, citing a new Crypto Task Force, as part of a broad rollback of crypto enforcement that benefits an industry in which the Trump family holds major financial stakes. Softening oversight of a sector the president profits from raises a conflict.
Receipt details
- Loot the watchdogs
- No cash figure
