Browsing: Coinbase

Coinbase announced that the Securities and Exchange Commission has agreed to drop its lawsuit against the company, potentially signaling a retreat by federal regulators.

The cryptocurrency industry invested heavily in the 2024 U.S. elections, backing candidates perceived as crypto-friendly. A significant portion of the $119 million spent by organizations like Coinbase and Ripple went to super PACs, and the strategy paid off, with many of their preferred candidates winning.