SEC May Drop Coinbase Lawsuit
2 min read
The potential step of the SEC to fall against coinbase could signal a greater shift in crypto control. In this case, it will not only be a win for Coinbase – it could shake the entire crypto industry. Token that were once referred to as securities could finally take a break, and trading platforms such as Robinhood (Hood) could see a large thrust.
But what is behind this sudden layer? And how could it affect the wider market, including Bitcoin's Push at $ 100,000? Let us collapse.
A turning point for the crypto industry?
While the SEC does not yet have to vote on the case, its likely decision could be a big profit for the crypto industry, which was strictly enforced under President Biden. In June 2023, Robinhood had to be classified as securities. After Donald Trump's election victory, however, the exchange used some again, including Solanas Sol.
Robinhood and other exchanges could benefit from this
When the SEC withdraws from the lawsuit, platforms like Robinhood may feel more secure in listing previously deleted tokens. This could increase trading activities and increase sales. Robinhood recently reported 115%of the increase in sales in the fourth quarter, which is largely due to the crypto handle-a trend that could accelerate if the regulatory pressure subsides.
The top tokens, which were previously regarded as securities, include BNB, Solana (Sol), Cardano (ADA), Tron (TRX) and Toncoin (ton).
More crypto companies in mind?
A regulatory shift could also encourage more crypto companies to go to the stock exchange in the United States, including Blockchain.com, Bitgo, Gemini, Etoro, Bullish Global, Ripple and Circle.
Crypto market classes for optimism
The shares of the Coinbase (coin) rose by 5%according to the news on Friday. The entire cryptom market also recorded profits, with Bitcoin (BTC) approaching the 100,000 US dollar brand for the first time since the beginning of February. Tokens, which were previously referred to as securities under the SEC chairman Gary Gensler, also rose, which reflected an improved market mood.
A regulatory traffic jam could open doors for new lists, new investors and maybe even for a new crypto bull run. Good times!
