Coinbase(US:COIN) Benzinga·2025-10-07 07:35Core Insights - Brian Armstrong, CEO of Coinbase Global Inc., expressed optimism regarding the future of cryptocurrency regulations in the United States, indicating that clear rules are forthcoming which will benefit builders and innovators [1][2]. Regulatory Developments - Armstrong highlighted the significance of the CLARITY Act, which aims to clarify the regulatory status of cryptocurrencies, addressing previous ambiguities regarding whether they are commodities or securities. The bill has passed the House and is set for Senate debate [3]. - The GENIUS Act, which establishes a regulatory framework for dollar-pegged stablecoins, has already been signed into law. However, there are concerns regarding potential conflicts of interest related to the bill, particularly from senior Democrat Sen. Elizabeth Warren [4]. Market Outlook - The positive sentiment surrounding cryptocurrency regulations coincides with a bullish outlook for Coinbase's stock. Analysts have initiated coverage with a "Buy" rating and set price targets ranging from $410 to $417, indicating strong market confidence [5]. - Coinbase shares experienced a slight decline of 0.39% in after-hours trading, following a 1.59% increase during regular trading, with a year-to-date surge of 55.49% [6].