March 13, 2025
Legal Concerns
The decision was made following a review of Coinbase’s listed assets. Although the aforementioned tokens will remain listed, trading in New York will be paused as legal experts speculate the move may be related to a pending legal case.
Source: X (@CoinbaseAssets)
Despite the news, market reactions were minimal, with FLOKI up 3.6%, GIGA rising 1.1%, and TURBO increasing 5.4% in the last 24 hours, according to CoinGecko. Elsewhere, Coinbase also received approval to resume crypto trading in India.
Meme Coins Soar
Meme coins have gained significant popularity, partly due to platforms like Pump.fun, which has created over 8.5 million meme tokens since January 2024.
The SEC recently clarified that meme coins are not considered securities, noting that they don’t generate profits or rights to future business income.
