Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit – and beat it
Portfolio Pulse from
Coinbase announced that the SEC has agreed to drop its lawsuit against the company with prejudice, meaning it cannot be refiled. Coinbase reportedly spent $50 million fighting the lawsuit.
February 21, 2025 | 11:00 pm
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POSITIVE IMPACT
Coinbase successfully defended against an SEC lawsuit, which has now been dropped with prejudice. This legal victory could positively impact investor sentiment and the stock price.
The dropping of the SEC lawsuit with prejudice is a significant legal victory for Coinbase, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100