★ Government Action
Trump's SEC dismisses civil enforcement case against Coinbase
Donors, Cases DroppedEasing Up on Crypto
Filed February 2025
★ The Brief
What happened
On February 27, 2025, the SEC filed a joint stipulation to dismiss its pending civil enforcement action against Coinbase. Acting Chairman Uyeda announced a new Crypto Task Force to replace enforcement-led policy.
Who enabled it
Who benefits
Deal or steal?
Before the dismissal, Coinbase had donated $1 million to Trump's inaugural and $750,000 to the Trump 47 Committee. The SEC stated the dismissal was not based on the merits.
★ Cast your vote
On February 27, 2025, the Securities and Exchange Commission filed a joint stipulation with Coinbase Inc. and Coinbase Global Inc. to dismiss a pending civil enforcement action against both entities. Acting Chairman Mark T. Uyeda announced the decision, stating that the SEC's prior approach of expressing crypto policy through enforcement actions was inappropriate, and that the newly formed Crypto Task Force — announced January 21, 2025 — would instead develop a comprehensive regulatory framework for crypto assets. The SEC explicitly stated the dismissal was not based on the merits of the underlying claims.
Further reading
- ★ Government ActionAugust 2025Trump's SEC ends Biden-era Ripple Labs crypto enforcement case
- ★ Government ActionApril 2025Trump's SEC pauses Gemini Trust enforcement lawsuit
- ★ Government ActionFebruary 2025Trump's SEC closes Robinhood crypto investigation with no action
- ★ Government ActionJanuary 2026Trump's two top market regulators launch joint 'Project Crypto'
- ★ Government ActionOctober 2025Trump DOJ drops Roger Ver tax case for $49.9M, no guilty plea
- ★ Government ActionAugust 2025Trump orders Labor Department to allow alternative assets in 401(k)s