The Securities and Exchange Commission has agreed to drop its lawsuit against Coinbase, following what the crypto exchange said was a change in “political leadership” at the agency, which accused Coinbase of failing to register as a securities exchange under the Biden administration.

The United States’ SEC has agreed to dismiss Coinbase’s lawsuit pending approval by the agency. According to analysts, this would mark a regulatory shift from the spree of infamous enforcement actions seen under the previous regime. For his part, Coinbase CEO Brian Armstrong projected that the Commission would approve the dismissal by next week.

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.