Coinbase (COIN) shares rose 5% in pre-market trading today on news that the U.S. Securities and Exchange Commission (SEC) will drop its lawsuit against the crypto exchange. COIN Up 5%, HOOD Gains 4%, Bitcoin Nears $100K as SEC Prepares to Drop Coinbase Case The regulatory change has created a new wave of bullish momentum in crypto markets, pushing Bitcoin (BTC) back toward the $100,000 level for the first time since early February. According to CoinGecko data, tokens previously labeled as securities have rallied in lawsuits filed by former SEC Chairman Gary Gensler. The SEC's withdrawal of its high-profile lawsuit against Coinbase marks a major shift in regulatory oversight of digital assets in the United States. The lawsuit, initially led by Gensler, accused Coinbase of operating as an unregistered securities exchange, a claim the company has fought fiercely in court. With the SEC dropping the charges, investors see it as a sign that U.S. regulators are taking a softer stance on crypto, which could pave the way for clearer industry rules and wider institutional adoption. Bitcoin Hits $100K as Crypto Stocks Soar Bitcoin has steadily gained ground amid optimism surrounding regulatory clarity, with investors now eyeing a potential break above $100,000. The crypto rally has also lifted stocks tied to digital asset trading, with Coinbase, Robinhood and other crypto-related firms benefiting from renewed investor confidence. *This is not investment advice. Continue Reading: SEC's Coinbase Decision Reflects Stock Market Positively, Bitcoin Price Reaches $100,000! Here Are the Details
