Crypto-Linked Stocks Jump as SEC Tokenization Order Lifts Ethereum
- —Ethereum climbed 5.7% to $2,727.39 over 24 hours
- —Bitmine (BMNR) and Coinbase (COIN) each rose 6%; SharpLink (SBET) gained 5%
- —The SEC exemption runs five years with volume limits and no formal rulemaking
- —The order covers tokenized U.S. stocks and names no specific blockchain
Why it matters: A sanctioned onchain path for equities could boost demand for public settlement infrastructure, where Ethereum currently dominates.
Source: Yahoo Finance Crypto