Coinbase(US:COIN) Benzinga·2025-10-24 09:13Group 1 - The CEO of Coinbase, Brian Armstrong, expressed optimism regarding bipartisan support for cryptocurrency regulations in the U.S., indicating that both Democrats and Republicans are aligned on the issue [1][2]. - Armstrong mentioned that the momentum for market structure legislation is at an "all-time high," with discussions ongoing to finalize the remaining details [2]. - The company is hopeful that a bill will be passed by the end of the year, aiming to have it out of Committee by Thanksgiving [3]. Group 2 - The market structure bill, known as the CLARITY Act, proposes to divide cryptocurrency oversight between the SEC and the CFTC and has already passed through the House [4]. - The GENIUS Act, which regulates dollar-pegged stablecoins like Tether, has been signed into law [4]. - Despite the positive outlook, there are concerns regarding potential conflicts of interest related to cryptocurrency ventures backed by former President Donald Trump, with notable opposition from Senator Elizabeth Warren [5]. Group 3 - Coinbase shares experienced a 0.46% increase in after-hours trading, following a 0.74% rise during the regular trading session, closing at $322.71 [5]. - Year-to-date, Coinbase's stock has rallied nearly 30%, indicating strong growth potential [5]. - The stock ranks high on Growth, reflecting its historical expansion in earnings and revenue [5].