SEC DROPPING COINBASE (COIN) CASE COULD INCREASE ROBINHOOD (HOOD) STOCK, TOKENS REVIEWED AS SECUSENTS

Securities and Exchange Commission (SEC), which potentially drops its coin base case, could help increase the mood of not only crypto -tokens, who were alleged as securities during the last presidential administration, but also popular Exchange Robinhood’s (Hood) share.

Read more: SEC that is ready to drop Coinbase -The Case, marks the big moment for us Krypto

While SEC has not officially voted for the Coinbase case, it is likely to be welcomed by the industry that has been subjected to enforcing the agency under the Joe Biden administration. Robinhood was one of the exchanges that had to delineate all the symbols alleged to be securities in June 2023. After President Donald Trump won the US presidential election last year, the exchange added some of these tokens, including Solana’s Sun, as Sec alleged were securities.

With the Coinbase case to be dropped, exchanges such as Robinhood feel less risk by adding more symbols to their platform, potentially increasing trade income. Most recently, the popular Crypto Platform said that the fourth -quarter revenue increased 115% from the previous year and topped Wall Street’s estimates, mainly strengthened by an increase in crypto trading revenue.

According to Cryptorank.io, they include the top five tokens based on market capital alleged securities BNB, Solana (Sun), Cardano (ADA), Tron (TRX) and Toncoin (Ton).

Tokens that were claimed securities of SEC with a market capital over $ 1 billion from February 21 (Cryptorank.io)

The move can also encourage more companies to list their businesses in the US markets in public. Several crypto companies were already being refused to consider the first public offers (IPOs) in the US, including blockchain.com, Bitgo, Gemini, Etoro, Bullish Global (Coindesk’s parent company), Ripple and Circle.

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