COIN - This Little-Known Fact Is Why Coinbase Stock Is On Track to Keep Going Higher
2024-06-10 07:30:00 ET
Coinbase Global (NASDAQ: COIN) has been on a tear recently as crypto enters a new bull market. Over the last year alone, its stock is up a whopping 300%. However, there is one looming possible problem: A potential lawsuit with the Securities and Exchange Commission (SEC) .
Initially, it seemed like a death blow for Coinbase, as the SEC made some serious accusations that could jeopardize the company's operations here in the U.S. However, as is natural in crypto, things change quickly.
Since last year, the regulatory and political landscape around crypto has made a near 180-degree turn and appears to be increasing Coinbase's chances of escaping. With an exploration of the SEC's allegations and breaking down recent developments, it will be easy to see how a potential victory in the courtrooms is not likely but would be a catalyst for Coinbase in the long term.
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This Little-Known Fact Is Why Coinbase Stock Is On Track to Keep Going Higher