The Securities and Exchange Commission (SEC) is reportedly planning to drop its enforcement case against cryptocurrency exchange Coinbase. The case was filed in June and accused Coinbase of trading unregistered securities, specifically naming 13 tokens including Cardano, Solana, and Polygon. The SEC argued that these tokens were under the control of their development teams, making them securities under US law. If finalized, the decision to drop the case against Coinbase could potentially have positive implications for the broader cryptocurrency industry. The news of the potential dismissal has already resulted in a 2% gain for Cardano's token ADA and a 4.52% increase in the pre-market trading of Coinbase's stock.



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