Goldman Sachs slashes Coinbase price target

On March 26, Goldman Sachs slashed Coinbase's (NASDAQ: COIN) price target. The change came two days after the stock experienced a downward pull when reports of a new draft of the stablecoin bill appeared. Coinbase has been one of the biggest advocates when it comes to stablecoin rewards. CEO Brian Armstrong has repeatedly said that allowing it is important for American citizens to "earn more on their money." In January, the company went as far as pulling back support from the CLARITY Act when a draft d ...