Coinbase Stock Surges Ahead of Fed Decision and Crypto Regulation Vote

Coinbase stock surged on Monday, September 14, as investors positioned for a major week of U.S. monetary policy and crypto regulation.

The COIN stock price jumped 6.08% to $185.91 at 9:44 a.m. EDT, up from Friday's closing price of $175.26.

The Fed is set to announce its interest-rate decision on September 16 alongside updated economic projections, with markets pricing an 88.3% probability of a 25-basis-point rate increase.

Crypto regulation is also in focus as the Senate cloture motion involving the CLARITY Act is set to ripen Tuesday afternoon.