"US SEC agrees to withdraw Coinbase lawsuit... Will ADA, SOL, BNB and others continue to rebound?"
Minseung Kang
Summary
- News broke that the U.S. SEC has agreed to withdraw its lawsuit against Coinbase.
- This decision could positively impact major cryptocurrencies previously considered securities, including BNB, SOL, and ADA.
- The SEC's move is expected to increase expectations for a rebound in the cryptocurrency market.
As the U.S. Securities and Exchange Commission (SEC) is reportedly set to withdraw its lawsuit against Coinbase, expectations for a rebound in major cryptocurrencies that were previously considered securities are growing.
Earlier today, Coinbase CEO Brian Armstrong announced that the U.S. SEC had agreed to withdraw its lawsuit against Coinbase.
On the 21st, cryptocurrency media outlet CoinDesk reported that "the possibility of withdrawing the Coinbase lawsuit could have a positive impact on major cryptocurrencies that the SEC had considered as securities." The SEC had previously designated Binance Coin (BNB), Solana (SOL), Cardano (ADA), TRON (TRX), and TON as securities.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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