SEC Poised to Drop Coinbase Lawsuit, Impacting Robinhood and Crypto Tokens
The SEC's potential decision to drop its lawsuit against Coinbase may positively impact the crypto market and Robinhood's stock. Key points include:
- The SEC has not officially voted on the Coinbase case.
- Dropping the lawsuit could enhance sentiment for tokens previously labeled as securities, including BNB, Solana, Cardano, Tron, and Toncoin.
- Robinhood previously delisted these tokens but has resumed adding some after political changes.
- The exchange reported a 115% increase in fourth-quarter revenue, driven largely by crypto trading.
- Other crypto companies are exploring IPO opportunities in the U.S., including Blockchain.com, BitGo, Gemini, EToro, Bullish Global, Ripple, and Circle.
