Coinbase announces SEC to drop enforcement case

On February 21st, Coinbase made the announcement that the Securities and Exchange Commission (SEC) has tentatively agreed to drop a federal lawsuit against the company for alleged illegal securities sales. This decision is pending approval by SEC commissioners, but Coinbase firmly believes that they are on the right side of the law in this case. The company stated that the lawsuit “should never have been filed in the first place.”

In a separate development on the same day, Meta disclosed in filings that company executives will be eligible for targeted bonuses of up to 200% of their salary. Simultaneously, Meta is undergoing a downsizing process that includes a 5% reduction in its workforce.

Luigi Mangione, who is facing charges in the murder trial of UnitedHealthcare CEO Brian Thompson, is scheduled for a court appearance on Friday. Mangione has entered a plea of not guilty to the charges of murder and terrorism.

The Senate recently approved a $340 billion budget resolution after a lengthy session that involved Democrats initiating a “vote-a-rama” to compel Republicans to reject a series of amendments.

Customs and Border Protection agents in Cincinnati intercepted 4,000 counterfeit sports merchandise and memorabilia items across 85 shipments, with an estimated value exceeding $1.43 million if the products had been authentic.

Sea Life Florida Aquarium is preparing for a grand opening on May 23rd in Winter Haven, positioned adjacent to Legoland Florida, according to the recent announcement by the organization.

The Department of Housing and Urban Development has canceled $4 million in contracts aimed at fostering “diversity, equity, and inclusion,” as part of a broader effort by the Trump administration to streamline government operations.

Two pro-immigrant organizations are taking legal action against the Department of Homeland Security and Secretary Kristi Noem for allegedly infringing upon the rights of 607,000 Venezuelan migrants.

Elon Musk made a dramatic entrance at the Conservative Political Action Conference meeting, brandishing a chainsaw to enthusiastic applause and a standing ovation from the crowd.

During a Black History Month celebration at the White House, President Donald Trump unveiled plans for a National Garden of Heroes that will commemorate Black Americans and other significant figures.

Furthermore, the commanding officer of the USS Harry S. Truman has been relieved of duty following a collision between the vessel and a cargo ship near the Suez Canal.