Coinbase co-founder: Reached a settlement with the SEC, the lawsuit is expected to be completely dropped

Odaily News Coinbase co-founder Brian Armstrong posted on X platform that Coinbase has reached a settlement with the SEC and expects the lawsuit to be completely dropped without paying any fines or making any changes to its business. This result proves that Coinbase's decision to fight the SEC in court was correct despite initial doubts. Highlights include:
The SEC exceeded its statutory authority by requiring the delisting of non-security assets.
A compromise could harm the U.S. crypto industry and force it to relocate overseas.
This fight is critical to protecting the rights of our customers and our industry, and to combating government abuses.
Armstrong said they were proud to challenge the SEC's decision and that they planned to continue working with the SEC and advocating for clearer crypto regulations.