Berenberg says coinbase investors should be focusing on whether the company has the ability to successfully pivot its business model if it were forced to curtail its activities in the U.S. by regulators willcanny99 reports.
The bank initiated coverage of the stock with a hold rating and a price target of $55. On Monday, Coinbase shares closed 6% higher at $60.77.
At a minimum, these revenue sources likely would be targeted by the SEC in the enforcement action that we expect the commission to file soon,” analyst Mark Palmer wrote, adding that some of Coinbase’s other revenue streams, such as interest income from USD Coin and custody, may also “get caught up in the SEC’s crypto-industry dragnet in the near future.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler’s Digest, May 7-13Coinbase’s Paul Grewal says “We screwed up and we are sorry.”, Kraken builds a custom environment for Kitboga to frustrate scammers, Milady memecoin surges 5,250% after Elon Musk tweet, all these and more in this week's Hodler’s Digest.
Read more »
Ethereum Price Reacts to 53,400 ETH Shifted to Coinbase: Details53,400 ETH moved to Coinbase, here's impact on Ethereum price $ETH
Read more »
SEC chair Gensler claps back at Coinbase, says crypto rules already existSEC chair Gary Gensler has shot back at Coinbase’s repeated calls for clear crypto regulation, insisting that SEC's current rules already provide all of the necessary guidelines for the sector.
Read more »
The SEC calls Coinbase's suit over digital asset rules petition 'baseless'The SEC responded to Coinbase's legal gamble. The SEC fired back at Coinbase's extraordinary lawsuit over digital asset rules.
Read more »
SEC seeks denial of Coinbase petition for imminent crypto rulesThe SEC is seeking the denial of Coinbase's petition, arguing that the firm has asked for too much, too soon, while the agency has no obligation to meet its demands.
Read more »
Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator SaysIn a court filing, SECGov said that coinbase had not proven the need for the regulator to create crypto specific rules. nikhileshde reports.
Read more »