Coinbase shares saw a 5% increase in pre-market trading as news broke that the SEC is dropping its lawsuit against the crypto exchange. This regulatory change has sparked bullish momentum in the crypto market, pushing Bitcoin towards the $100,000 level. Tokens labeled as securities have also experienced rallies in lawsuits filed by former SEC Chairman Gary Gensler. The withdrawal of the lawsuit signifies a notable shift in regulatory oversight of digital assets in the United States. Investors view this development as a sign of a softer stance on crypto from U.S. regulators, potentially leading to clearer industry rules and wider institutional adoption. The rally in the crypto market has also benefited stocks tied to digital asset trading, including Coinbase and Robinhood.



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