Coinbase Urges US DOJ Action as SEC Mulls Dropping Lawsuit Against Crypto Exchange

Coinbase has urged the US Department of Justice to address fragmented state-level crypto regulations, even as the Securities and Exchange Commission reportedly prepares to drop its high-profile lawsuit against the exchange. While federal lawmakers push for stablecoin and market-structure bills, state attorneys general in New York and Oregon continue aggressive legal action, prompting Coinbase to seek federal preemption and clearer SEC rules to avoid overlapping or inconsistent standards.