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1conformation announced that MeebCo, the company behind the NFT project Meebits, has completed a new round of financing of US$3 million. Meebits has not yet issued tokens, but there will be potential coin issuance plans in the future, which will support the return of NFT and build a long-term community.

The U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Robinhood Crypto without taking enforcement action. This decision is a big change in the regulatory approach towards crypto-related businesses. The latest closure came after the SEC had sent Wells Notice to Robinhood Crypto in May 2024 that all the bearings of a potential lawsuit. However, recent news shows a broader rollback of crypto-related enforcement cases. MetaLawMan thinks this could set a precedent for other firms being looked at, like Uniswap, Kraken, and Binance. The case’s dismissal also puts a spotlight on ongoing debates over whether crypto tokens are securities. The closure of the Robinhood Crypto case fits with a broader trend of regulatory adjustments in the crypto sector. The SEC had ended its investigation into OpenSea, a major NFT marketplace, and reached an agreement in principle to dismiss charges against Coinbase. These decisions suggest that the agency is revisiting its enforcement policies under new leadership. Market experts believe the SEC is beginning to acknowledge that most crypto tokens do not meet the definition of securities. This shift could lead to the dismissal of cases against other crypto firms, reducing legal uncertainty in the industry. Related: Robinhood May Narrow Crypto Offerings in Response to SEC Actions The SEC’s latest actions make people think about other current cases. Ripple remains the only crypto company with a final judgment already in place, which makes its legal proceedings complex. The agency must now figure out how to address the judgment and the funds held in escrow. Meanwhile, market participants expect similar resolutions for other firms, including Gemini, Kraken, and Uniswap. If the SEC keeps dropping cases, it could mean a broader policy reversal, pointing to a more favorable regulatory environment for digital asset businesses. Robinhood Markets’ Chief Legal and Compliance Officer, Dan Gallagher, criticized t he SEC’s initial decision to investigate the company. He stated that Robinhood Crypto never dealt in transactions involving securities and should not have faced scrutiny. With the case now closed, Robinhood’s stock (HOOD) has reacted well, showing increased investor confidence. Related: Robinhood Plans To Buy Back Shares From SBF, Negotiations Underway Also, regulatory adjustments guided by Commissioner Hester Peirce have helped create a more balanced approach. The agency’s decision to withdraw Staff Accounting Bulletin (SAB) No. 121 further signals a reduction in regulatory burdens on crypto platforms. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Solana's sharp 45% decline against Bitcoin has taken the market by surprise. While SOL’s drop is notable, it coincides with Bitcoin’s dominance rising, signaling a shift of capital from altcoins into BTC. This trend suggests that investors are prioritizing stability over riskier assets, leading to liquidity outflow from Solana and other altcoins. 🔍 Key Levels to Watch 🔸 SOL/BTC Support: The pair is testing a multi-month support at 0.001679 BTC. If this level breaks, further downside toward 0.0015 BTC could follow, increasing the risk of liquidations. 🔸 Resistance for Recovery: To regain strength, SOL must reclaim 0.0020 BTC, and a push beyond 0.0025 BTC would confirm a bullish reversal. 💰 Solana/USD Outlook Despite the weakness against BTC, SOL/USD remains relatively stable at around $170. However, sustained upside momentum may be difficult if Bitcoin’s dominance continues to rise. What’s Next? Solana remains a strong player in the DeFi and NFT space, but its near-term outlook is bearish unless it reclaims key resistance levels. As long as Bitcoin continues to attract liquidity, SOL may struggle to outperform BTC in the near term. Bulls need to step in to prevent further downside.

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- OpenSea's CEO, Devin Finzer, hailed this as a win for innovation, arguing that classifying NFTs as securities would hinder progress. - Chris Akhavan from Magic Eden echoed this sentiment, emphasizing the shared belief in the potential of NFTs. This development has sparked increased activity in the NFT space, with LooksRare's token, LOOKS, seeing a significant rise. What are your thoughts on the SEC's decision? Drop your comments below!