SEC vs Coinbase is Over!

The SEC will drop its case against Coinbase exchange

Hey Thinkers 💡

We have breaking news this morning from Coinbase! The SEC and the exchange have reached an agreement ‘in principle’ to dismiss the agency’s case against Coinbase. The SEC will need to conduct an official vote on the move, which could happen as early as next week.

Coinbase CEO Brian Armstrong shared his thoughts on the matter, tweeting:

"After years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country, we reached an agreement with SEC staff to dismiss their litigation against Coinbase. Once approved by the Commission (which we're told to expect next week), this would be a full dismissal, with $0 in fines paid and zero changes to our business. This is hugely vindicating, especially because many people questioned my decision to engage in litigation with the SEC on this matter in 2023. People told me the courts would give a lot of leeway to the government. They said public market investors wouldn't like it. They said it would take years and cost us tens of millions of dollars in legal fees (which it did). They said the agency would use mafia tactics like trying to pressure other companies not to work with us while the lawsuit was underway (which they did)."

Implications for Crypto

This is a massive victory for Coinbase and the entire crypto industry. It signals a major shift at the SEC as we move away from the Gary Gensler era. With this development, I expect cases against Kraken and other exchanges to also be dropped. Additionally, a settlement with Ripple could be in the works.

From a market perspective, this could remove one of the last major sources of uncertainty, especially as several altcoins were implicated in these cases. As regulatory fears fade, we could see positive momentum return to the crypto markets.

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Is the Bull Market Still on Track?

With Bitcoin continuing to consolidate and producing a series of fake-outs in both upward and downward directions, many are questioning whether the bull market is still intact. However, the data continues to support the idea that everything is proceeding as expected. Here’s what I’m watching:

✅ Bitcoin Weekly RSI is on the verge of a breakout.

✅ Monthly RSI still shows we haven’t hit the blowoff top levels seen in previous cycles.

✅ DXY is breaking down, while global liquidity continues to rise.

✅ Bitcoin whales are accumulating, and supply on exchanges is steadily decreasing.

✅ Bitcoin cycle timing remains on track, aligning with past cycles.

As we move through February and into March, I expect Bitcoin to start making upward moves. Stay patient, stay focused, and don’t let the noise shake you out!

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