
As promised by President Donald Trump, the U.S. Securities and Exchange Commission (SEC) has shifted its stance on crypto enforcement by dropping multiple high-profile lawsuits.
Below is a list of key cases the SEC has dropped or paused this year:
- Yuga Labs: SEC closed its investigation into NFTs, signaling NFTs may not be classified as securities.
- Kraken: Calling the decision a "win for fairness," the lawsuit was dismissed with no penalties or admission of wrongdoing.
- Consensys: The SEC has agreed in principle to drop the case against MetaMask.
- Justin Sun/Tron: The legal battle has been controversially paused, with potential settlement discussions underway.
- Gemini: SEC closed its investigation into the Gemini Earn program.
- OpenSea: Probe closed, with NFTs not classified as securities in what the company called a "win for everyone."
- Binance: Litigation paused for 60 days pending new regulatory guidelines.
- Coinbase: Lawsuit dropped, marking a major win for the exchange.
- Robinhood: Investigation closed, with no charges filed.
- Uniswap: Probe closed, no charges brought against the decentralized exchange.
- Cumberland DRW: SEC agreed to dismiss its lawsuit against the crypto trading firm.
How it started.
— paulgrewal.eth (@iampaulgrewal) February 22, 2025
How it’s going. pic.twitter.com/VXtozbTRBk
Still Pending are the following:
- Bittrex: Could there be a potential dismissal of the already-settled lawsuit, allowing the exchange to reenter the U.S. market?
- Ripple: SEC may withdraw its appeal in days, signaling the end of the long-running legal battle.