The Bag and Securities Commission (SEC) potentially abandoned its coinbase demand could help boost feeling not only for cryptographic tokens that were alleged as values under the last presidential administration, but also the popular actions of Robinhouse exchange (Hood) .
Read more: SEC List of abandoning coinbase demand, marking Big Moment for us Crypto
While the SEC has not officially voted on the case of Coinbase, it will probably be welcome by the industry that faced the application of the agency under the Joe Biden administration. Robinhood was one of the exchanges that all the tokens had to eliminate that were supposedly values in June 2023. However, after President Donald Trump won the presidential elections of the United States last year, the exchange added some of those of those Tokens, including Solana Sol., That the sec they alleged were values.
With the case of scheduled coinbase, exchanges such as Robinhood feel less risks by adding more chips to their platform, which potentially increases commercial income. More recently, the popular cryptographic platform said that its revenues in the fourth quarter increased 115% compared to the previous year, exceeding Wall Street estimates, mainly driven by an increase in commercial income of cryptography.
According to Cryptorank.io, the five main tokens, based on market capitalization, which values include BNB, Solana (Sol), Cardano (ADA), Tron (TRX) and Toncoin (Ton).
The measure could also encourage more companies to enumerate their companies publicly in US markets. It is rumored that several cryptographic companies are considering the initial public offers (OPI) in the US, including blockchain.com, Bitgo, Gemini, Etoro, Bullish Global (the Matrix of Coendesk), the Ripple and the Circle.
