According to the source, no primary SEC litigation release or court order was provided to verify any dismissal or narrowing of cases involving Coinbase or Ripple, so traders should await official documents before positioning. Source: SEC.gov litigation releases; U.S. federal court dockets (PACER). If dismissals or material changes are confirmed by official filings, trade impact depends on the exact order type (dismissal with/without prejudice, partial claims dropped, consent judgment) and relief terms, which determine precedent and compliance requirements. Source: SEC v. Coinbase (SDNY docket); SEC v. Ripple Labs (SDNY docket); SEC.gov. Before trading, confirm: 1) the exact court order or SEC filing; 2) scope of claims resolved; 3) any penalties or undertakings; 4) timelines for compliance; 5) whether similar cases are affected. Source: Court dockets (PACER); SEC.gov; company filings (8-Ks, press releases). Upon verification, monitor COIN implied volatility term-structure and skew versus SPY, XRP spot reaction and derivatives funding/open interest, BTC.D shifts, sector beta for U.S.-listed exchange tokens, and exchange on-chain flows to gauge risk-on follow-through. Source: Options market data (Cboe/OPRA); major crypto derivatives venues; Bitcoin dominance benchmarks; on-chain data providers; company investor relations.