Crypto
Coinbase Stock Soars on Revised CLARITY Act Draft
Coinbase stock surged to $191.8 on Monday, a 9.7% increase, following news of a revised draft for the CLARITY Act.
The bill, which aims to establish a comprehensive federal framework for digital assets, has gained momentum with Senate Republicans releasing a revised version that addresses Democrats' concerns about ethics and regulation.
Compass Point upgraded Coinbase's stock rating from Sell to Neutral and raised its price target to $177, citing improving Bitcoin momentum and potential retail trading recovery.