SEC Exemption Lifts Crypto Stocks HOOD, MSTR, and Coinbase

Crypto stocks such as HOOD, MSTR, and Coinbase are extending their gains in pre-market trading on September 18. This follows the SEC's new exemption for trading tokenized U.S. stocks on-chain for five years.

The move is meant to support innovation while the agency considers broader rules for on-chain trading. Robinhood Markets (HOOD) has risen by 2.81%, Coinbase (COIN) has gained 2%, and Strategy (MSTR) is higher by 3.93% in pre-market trading.

The SEC's action has helped shift attention back to progress in crypto regulation. The new framework is particularly relevant to the businesses of Coinbase and Robinhood, both of which are involved with tokenized assets.