SEC Drops Coinbase Lawsuit: Stocks Surge as Bitcoin Targets $100,000 Milestone

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The cryptocurrencies are in the middle of two bees buzzing. The U.S. Security and Exchange Commission (SEC) is supposedly dropping its lawsuit against Coinbase while Bitcoin inches closer to the elusive landmark - the $100,000 price mark. Such major events have mined shockwaves in the industry where Coinbase's and also Robinhood's stocks have soared and investors are expected to join for possible bullish activity. https://www.effectiveratecpm.com/k0j84s0pn?key=16500428813c00c80ca6dfd8f7471cc1

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SEC is set to drop the lawsuit against the Coinbase.

In what many people consider to be a huge turn, speculation in the market goes like-the SEC dropping lawsuit against Coinbase, one of the largest cryptocurrency exchanges in the world-with an ongoing litigation that accused it for operating without license as securities exchange. And the lawsuit has been an overhang for the company and the entire crypto market. Should the case actually be dropped by the SEC, that indeed will suggest that there is room for better regulatory environment for cryptocurrencies in the U.S.-an ecosystem that can generally enhance investor confidence and promote adoption.

Robinhood, Coinbase Stocks Surgehttps://www.effectiveratecpm.com/k0j84s0pn?key=16500428813c00c80ca6dfd8f7471cc1

The market has already received some positive news from this potential lawsuit dismissal. Shares of the Columbus exchange (COIN) increased lots on the stock market immediately due to the renewed optimism among investors. Likewise, Robinhood (HOOD) is seeing a sudden boom in its stock prices; it is also one of the most popular platforms through which people trade cryptocurrencies. A more crypto-friendly regulatory landscape would push trade volume and, thus, users, ultimately benefiting both companies.

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Bitcoin Eyes $100K

And bared under that title, Bitcoin makes the rounds as it nears the coveted $100,000 mark. Indeed, those levels have rounded the world's largest cryptocurrency well, as building momentum from both institutional interest and the macroeconomic environment and potential clarity in regulations would seem to lead the way to more. If it can break that psychological barrier, expect another round of FOMO (fear of missing out) from both retail and institutional buyers to drive higher price.

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