The Securities Exchange Commission has agreed to drop its lawsuit against Coinbase pending approval from its commissioners. The SEC has decided to drop all charges against Coinbase for operating an unregistered exchange and listing unregistered securities. Halting the regulator's core legal objections will shift the focus from the courts to Congress to determine the operating standards of cryptocurrencies in the United States. According to the lead lawyer for Coinbase, the Securities Exchange Commission will soon vote on the agreement negotiated with Coinbase, completely dropping the agency's legal case against the cryptocurrency exchange.