Crypto Equities and Ethereum Rally as Analysts Weigh In on SEC Tokenization Exemption

Robinhood Markets gained roughly 2.9% to $123.30 following a bullish Bernstein SocGen analyst report highlighting its position in tokenized stock trading. The broader rally emerged after the U.S. Securities and Exchange Commission issued a September 17 order establishing a five-year Innovation Exemption framework for tokenized equities on public blockchains. Following the regulatory catalyst, Ethereum advanced 5.7% to $2,727.39, while crypto-exposed equities climbed sharply, with Coinbase jumping 6% to $205.12 and Bitmine advancing 6% to $27.42. Analysts from Goldman Sachs, Citizens, and Bernstein identified Coinbase, Robinhood, and Circle as key potential beneficiaries.