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Coinbase Hits New High Amidst Legislative Triumphs
The price of Coinbase stock has reached a record-breaking all-time high of $436, driven by the surge in investor confidence following significant legislative victories. The development comes after the US House of Representatives approved key crypto-related bills, including the GENIUS Act and the CLARITY Act.
The approval of these acts is seen as a major step toward regulatory certainty for the digital asset space. Coinbase CEO Brian Armstrong expressed his sentiments on the matter, stating that the company is “getting incredibly close to finally having clear rules for crypto to grow this industry in the United States of America.”
According to reports, Coinbase’s price increase has contributed significantly to the platform surpassing the $100 billion market capitalization milestone. It remains unclear whether President Donald Trump will sign these bills into law.
In a separate development, it was reported that Coinbase insiders have offloaded over $230 million worth of stock this week. This divergence between insider selling and institutional buying raises questions about near-term valuations, even as long-term confidence in the company and broader crypto sector appears to grow.
The recent surge in price has fueled speculation that Coinbase’s rise will continue amid a favorable regulatory environment. However, it remains unclear whether the $436 all-time high can be sustained in the long run.
It is worth noting that the company’s Base ‘super app’ aims to put trading, payments, social and AI under one roof, thereby expanding its reach into various sectors.
Source: cryptoslate.com
