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SEC Dropping Coinbase Case Could Boost Robinhood Stock, Tokens Alleged as Securities
More tokens could be added to exchanges, increasing their trading revenue. This might also open the floodgates to crypto firms' IPOs in the U.S.
Updated Feb 21, 2025, 5:24 p.m. Published Feb 21, 2025, 1:03 p.m.
What to know:
- The SEC potentially dropping its lawsuit against Coinbase could improve market sentiment for crypto tokens previously alleged as securities.
- This could also help exchanges like Robinhood, which would feel more comfortable adding more tokens to its platform, potentially boosting trading revenue.
- The case could also help encourage more crypto firms to list their shares publicly in the U.S. stock markets.
The Securities and Exchange Commission (SEC) potentially dropping its Coinbase lawsuit could help boost sentiment for not only crypto tokens that were alleged as securities under the last presidential administration but also popular exchange Robinhood's (HOOD) shares.
Read more: SEC Poised to Drop Coinbase Lawsuit, Marking Big Moment for U.S. Crypto
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While the SEC hasn't officially voted on the Coinbase case, it will likely be welcomed by the industry that has faced enforcement by the agency under the Joe Biden administration. Robinhood was one of the exchanges that had to delist all of the tokens that were alleged to be securities in June 2023. However, after Donald Trump won the U.S. presidential election last year, the exchange added back some of those tokens, including Solana's SOL, which the SEC alleged were securities.
With the Coinbase case set to be dropped, exchanges such as Robinhood feel less risk in adding more tokens to their platform, potentially increasing trading revenue. Most recently, the popular crypto platform said its fourth-quarter revenue rose 115% from the previous year, topping Wall Street's estimates, mainly boosted by a rise in crypto trading revenue.
According to Cryptorank.io, the top five tokens, based on market cap, that were alleged securities include BNB, Solana , , and .
The move might also encourage more companies to list their firms publicly in the U.S. markets. Several crypto companies are already rumored to be considering initial public offerings (IPOs) in the U.S., including Blockchain.com, BitGo, Gemini, EToro, Bullish Global (CoinDesk's parent company), Ripple and Circle.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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