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Coinbase (COIN) Jumps 16% After Senate Passes Stablecoin Bill; Chart Signals More Upside
The company also unveiled Coinbase Payments this week, a stablecoin-based solution for digital transactions across e-commerce platforms, reinforcing its product expansion strategy as regulatory clarity improves.
Why the Senate passing the GENIUS stablecoin bill just broke the crypto dam
That strategy will become tricky. Coinbase CEO Brian Armstrong has advocated for bundling the two bills together, arguing that only passing the stablecoin bill may hurt enthusiasm or leverage to get the so-called CLARITY Act passed, which stand to remove crypto tokens — and Coinbase's role in selling them — from regulatory crosshairs.
Key Takeaways Coinbase shares soared after the Senate passed the GENIUS Act, a bipartisan bill that regulates and promotes ...
With Coinbase Payments, the company aims to offer fast, global USDC transactions for merchants without needing blockchain ...
While the US Senate advanced far-reaching stablecoin legislation, Canadian companies are pushing to get even the most basic ...
The first platform to integrate Coinbase Payments is Shopify, which forged partnership with Coinbase and Stripe.
Coinbase stock jumped over 16% after the Senate passed the GENIUS Act, boosting stablecoin prospects and new product ...
Coinbase Global Inc. has inked a deal to have the world’s second-biggest stablecoin, USDC, used as collateral in US futures ...
Coinbase Global's (NASDAQ:COIN) derivatives arm has struck a deal to use the USDC (USDC-USD) stablecoin as collateral for U.S ...
Coinbase and other crypto-linked stocks surged a day after the Senate voted to pass the GENIUS Act, a landmark bill creating ...
The firm's stablecoin clearing system aims to facilitate adoption by solving the stablecoin sector's fragmentation problem.
Coinbase's Q1 results were disappointing; revenue missed expectations, and subscription/services revenue slowed sharply.
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