The Securities and Exchange Commission (SEC) potentially removes its Coinbase trial could help stimulate the feeling not only for cryptographic tokens which were claimed in titles under the last presidential administration, but also popular Robinhood exchange actions (Hood) .
Read more: dry about to drop the Coinbase trial, marking a big moment for us crypto
Although the SEC did not officially vote on the Coinbase affair, it will probably be welcomed by industry which has been faced with the application by the agency under the Joe Biden administration. Robinhood was one of the exchanges that was to put in place all the tokens that would have been titles in June 2023. However, after President Donald Trump won the US presidential election last year, the exchange added Some of these tokens, including Sola’s Sol’s Sol, which, according to the dry, was titles.
With the abolition of the case of Coinbase, exchanges such as Robinhood feel less risks to add more tokens to their platform, which could increase commercial income. More recently, the popular crypto platform said that its fourth quarter revenues increased 115% compared to the previous year, exceeding the estimates of Wall Street, mainly stimulated by an increase in crypto negotiation income.
According to cryptorank.io, the five best tokens, based on market capitalization, which were alleged titles include BNB, Solana (Sol), Cardano (ADA), Tron (TRX) and Toncoin (tone).
This decision could also encourage more companies to publicly list their businesses in the US markets. Several cryptographic companies were already considering the first public offers (IPO) in the United States, notably Blockchain.com, Bitgo, Gemini, Etoro, Bullish Global (the mother company of Coindesk), Ripple and Circle.
