Coinbase Shares Rise After SEC Plans to Drop Lawsuit

Dow Jones

02-21

By Denny Jacob

Coinbase shares rose 4.9% in premarket trading after regulators agreed to drop a lawsuit against the company, a move that was expected after the election of President Trump.

Shares were trading around $268.58. The stock is up 55% over the last year.

The crypto firm said enforcers at the Securities and Exchange Commission will recommend dismissal of the two-year old lawsuit filed under the Biden administration that sought to regulate the company as a stock exchange.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 21, 2025 08:26 ET (13:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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