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flag SEC agrees in principle to drop lawsuit against Coinbase, a key win for the crypto industry.

flag Coinbase announced that the SEC has agreed in principle to drop its lawsuit against the company, pending approval. flag The lawsuit, filed in 2023, accused Coinbase of operating an unregistered securities exchange and failing to properly register its crypto staking program. flag If confirmed, this decision marks a significant shift for the cryptocurrency industry, with no financial penalties for Coinbase.

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