The SEC’s potential move to drop its lawsuit against Coinbase could signal a major shift in crypto regulation. If this happens, it won’t just be a win for Coinbase—it could shake up the entire crypto industry. Tokens once labeled as securities might finally catch a break, and trading platforms like Robinhood (HOOD) could see a major boost.
But what’s behind this sudden shift? And how could it impact the broader market, including Bitcoin’s push toward $100,000? Let’s break it down.
While the SEC has yet to vote on the case, its likely decision could be a big win for the crypto industry, which has faced strict enforcement under President Biden. In June 2023, Robinhood had to delist tokens classified as securities. However, after Donald Trump’s election victory, the exchange reinstated some, including Solana’s SOL.
Robinhood and Other Exchanges Could Benefit
If the SEC backs off from the lawsuit, platforms like Robinhood may feel more confident about listing previously delisted tokens. This could drive up trading activity and boost revenue. Robinhood recently reported a 115% increase in fourth-quarter revenue, largely driven by crypto trading—a trend that could accelerate if regulatory pressure eases.
Among the top tokens previously considered securities are BNB, Solana (SOL), Cardano (ADA), Tron (TRX), and Toncoin (TON).
More Crypto Firms Eyeing IPOs?
A regulatory shift could also encourage more crypto companies to go public in the U.S. Several firms, including Blockchain.com, BitGo, Gemini, eToro, Bullish Global, Ripple, and Circle, are rumored to be exploring initial public offerings (IPOs).
Coinbase (COIN) shares climbed 5% before Friday’s market open following the news. The overall crypto market also saw gains, with Bitcoin (BTC) nearing the $100,000 mark for the first time since early February. Tokens previously labeled as securities under SEC Chair Gary Gensler also rose, reflecting improved market sentiment.
A regulatory thaw could open doors for new listings, new investors, and perhaps even a new crypto bull run. Good times!
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