According to online reports, Coinbase co-founder and CEO Brain Armstrong wrote on platform X that after years of litigation, costing millions of taxpayers 'money and causing irreparable damage to the country, Coinbase and the U.S. Securities and Exchange Commission staff reached an agreement to withdraw their lawsuit against Coinbase. Once approved by the U.S. Securities and Exchange Commission (which was told would be approved next week), it will be a complete revocation, with zero penalties and no changes to the business. 1. The U.S. Securities and Exchange Commission made a legal error. 2. Giving in to the U.S. Securities and Exchange Commission's demands could lead to the demise of the U.S. crypto industry. 3. The withdrawal of the lawsuit was the right choice for Coinbase's customers and the industry. Brain Armstrong said he looks forward to the SEC's reform under the leadership of Paul Atkins, Mark Uyeda, Hester Peirce and DOGE, and looks forward to new, smarter people entering leadership positions.