Coinbase has reached an agreement with SEC staff to dismiss its enforcement case pending final approval from the Commission, pushing Bitcoin back over $99,000. The agreement follows a protracted legal dispute that raised questions about regulatory authority and asset classification. In public statements, Coinbase CEO Brian Armstrong explained that the litigation began when the SEC sought to force the delisting of assets the company maintained were not securities—a move Armstrong described as exceeding the agency's statutory mandate. Per the Coinbase Blog, the resolution comes with no fines or changes to Coinbase's operating model. Armstrong's remarks on social media stressed that the legal challenge was not solely about defending a business model but about preserving an industry framework defined by law rather than by regulatory interpretation.