## Coinbase Target Price Jumps on Potential Regulatory Tailwinds Benchmark has significantly increased its price target for Coinbase (COIN) stock, moving from $310 to $421 while maintaining a Buy rating. This bullish outlook is largely fueled by optimism surrounding potential regulatory easing in the United States, particularly within the cryptocurrency space. ## Stablecoin Regulation Act Boosts Coinbase The investment bank specifically highlighted the Stablecoin Regulation Act (GENIUS) passing the Senate as a key driver for Coinbase's stock performance. They believe Coinbase is uniquely positioned to benefit from clearer regulatory frameworks. ## Further Regulatory Clarity Could Propel Growth Benchmark suggests that further legislative progress in other areas of the digital asset ecosystem would positively impact Coinbase. As regulatory hurdles are cleared, Coinbase can expand its services and attract a wider range of users and institutional investors, contributing to sustained growth. This increased target reflects confidence in Coinbase's future prospects amid evolving regulations. ```