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Coinbase CEO Brian Armstrong recently reflected on the company’s legal victory against the U.S. Securities and Exchange Commission (SEC), indicating that a loss could have had dire consequences for the crypto industry in the United States. The lawsuit, initiated in 2023, was dismissed by the SEC in February 2025, marking a significant regulatory shift favoring digital assets. Armstrong’s comments come amid ongoing discussions about Coinbase’s Base token, with market participants weighing the implications of a more supportive regulatory environment.
The dismissal of the SEC’s case against Coinbase, which had accused the exchange of operating an unregistered securities platform, aligns with a broader regulatory pivot. This shift has seen the SEC dismiss multiple crypto-related cases and grant Coinbase a national trust charter. These developments appear to bolster optimism about the Base token’s potential launch, though market pricing indicates caution remains.
Currently, the market’s outlook on Base launching a token by December 31, 2026, reflects a 12.5% probability. This percentage has decreased over the past week, suggesting that while the regulatory environment has improved, uncertainty regarding the token’s launch persists.
