"This is not about how the litigation was going, this is about the Trump administration not wanting to go after crypto," a source told BI.

The end of a court fight with the largest U.S. crypto company would be a big win for an industry that financially backed President Trump.

If approved, the deal would cap a nearly two-year-long legal battle between America’s largest crypto exchange and the SEC, which had been a marquee case in the federal government’s now-crumbling crackdown on crypto.