Analysis: The SEC's dismissal of the lawsuit against Coinbase may boost the market sentiment for cryptocurrencies previously labeled as securities

ChainCatcher news, according to CoinDesk, the U.S. SEC is about to withdraw its lawsuit against Coinbase. This move could not only boost the market sentiment for cryptocurrencies previously labeled as securities but also bring benefits to trading platforms like Robinhood (HOOD).

In June 2023, Robinhood was forced to delist several tokens that were accused of being securities by the SEC, but after Trump won the presidential election, the platform has re-listed some tokens, including Solana (SOL). The SEC's withdrawal of the lawsuit will reduce the regulatory risks for trading platforms when listing new tokens, potentially increasing their trading revenue.

According to market data, the top five tokens accused of being securities by market capitalization include BNB, SOL, ADA, TRX, and TON. Additionally, several cryptocurrency companies, including Blockchain.com, BitGo, and Gemini, are considering going public (IPO) in the U.S.