Coinbase says enforcers at the SEC will recommend dismissal of a two-year-old lawsuit that sought to regulate the company as a stock exchange.

KEY TAKEAWAYS Coinbase shares ticked higher in early trading after the cryptocurrency exchange said that the SEC is recommending the dismissal of a two-year lawsuit against it.The SEC sued Coinbase during the Biden administration for operating an unregistered securities exchange and offering an unregistered security to the public via their

The agency had sought to oversee the company as a stock market.

Wall Street is sliding toward losses in premarket trading after Walmart, the nation’s biggest retailer and a bellwether for the health of the American consumer, gave a disappointing 2025 forecast.

U.S. stocks are falling sharply after reports showed worries about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 fell 1.3% Friday. The Dow Jones Industrial