The SEC has reportedly agreed to dismiss its 2023 lawsuit accusing Coinbase of operating as an unregistered securities exchange, pending final commissioner approval expected next week. The dismissal is with prejudice, preventing the SEC from refiling identical charges, with no penalties imposed on Coinbase. COIN shares rose 4.8% premarket following the news. Acting SEC Chair Mark Uyeda has begun dismantling former Chair Gensler's enforcement-focused infrastructure. Paul Atkins (SEC Chair-designate) publicly criticized prior enforcement actions, calling cases against Binance and Coinbase "counterproductive to U.S. competitiveness." Industry reports indicate Task Force staff have held more than 15 closed-door sessions with crypto firms since January. A 60-day stay for Binance will likely become a permanent settlement, with voluntary stays or dismissal motions expected for Ripple/Kraken by April.