Coinbase originally sought to bring tokenized securities to the American market in 2021 through an S1 filing with the Securities and Exchange Commission. As part of the filing, Haas said, the company tried to go public with a tokenized version of its own stock, COIN. But the plan was halted by Biden’s SEC chair, crypto skeptic Gary Gensler.

CEO Brian Armstrong heralded a "golden age" for crypto, celebrating a landmark victory over the U.S. Securities and Exchange Commission that he said clears the path for innovation after years of regulatory battles.

President Donald Trump took the cryptocurrency world by surprise Sunday, announcing a strategic reserve comprising of top coins such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). As the market came to terms with the significant development,

Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again.

On the Friday before Donald Trump’s inauguration as president in January, Brian Armstrong, CEO of Coinbase, joined his top executives in Washington at the Crypto Ball, where the tech elite celebrated the imminent arrival of the country’s first crypto-friendly president.

Coinbase is making another attempt to launch tokenized securities in the US stock market, a plan it first pitched in 2020 but never got off the ground. With

Pyth Network partners with Coinbase International Exchange to enhance asset pricing, delivering real-time updates with millisecond speeds.

Coinbase sees an opening to bring tokenized securities to the US as the SEC's new crypto task force signals regulatory shifts.

The announcement comes as the regulator is expected to be more friendly to crypto under President Donald Trump.