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.

Regulators have agreed to drop a lawsuit against Coinbase that sought to regulate the company as a stock exchange, marking the end of years of hard-line enforcement against the crypto market. Coinbase said Friday that enforcers at the Securities and Exchange Commission would recommend dismissal of the two-year-old lawsuit,

The company says the U.S. government has more to do to foster crypto innovation, and an analyst notes there are still lingering regulatory matters for Coinbase at the state level.