📅 July 18, 2025 | New York, USA
A historic day for Coinbase and the entire crypto sector: shares of the largest US exchange have just soared to a new all-time high, driven by two key catalysts: the passage of the Stablecoin Genius and Crypto Market Structure bills, and the full relaunch of its Base App wallet, which now aims to dominate the next wave of Web3 adoption.
According to The Block, Coinbase's (COIN) share price closed the day surpassing all previous peaks, fueling Wall Street optimism and making it clear that the crypto-regulatory narrative in the US is shifting, driven by clearer new rules… and aggressive corporate enforcement.
Two pieces of news, one rocket: clear regulation and Web3 strategy
The first push came with the House of Representatives' approval of the Stablecoin Genius Act and the Crypto Market Structure Bill, two long-debated bills that seek to provide legal certainty to stablecoin issuers and centralized exchanges. This step, although still requiring final Senate approval and presidential signature, sets a precedent: the US is finally showing signs of opening the door to the industry without suffocating it with ambiguous regulations.
Coinbase, which has been on the defensive against the SEC for years, now positions itself as a direct beneficiary of a more favorable regulatory environment. The House vote sends a signal of confidence to institutional investors who were waiting for the green light to strengthen their crypto exposure through public companies.
The Base App Reinvents Itself: A Wallet to Dominate Web3
Meanwhile, the second driver of this rally is 100% strategic: Coinbase relaunched its Base App, its Web3 wallet integrated with the L2 Base network, now with a new name and identity, focused on being the definitive gateway to the crypto ecosystem.
The goal is clear: to position Coinbase not just as an exchange, but as a complete Web3 hub, offering self-custody, native swaps, multi-chain support, NFTs, staking, and direct connections to DeFi and decentralized social networks. In other words, to compete head-to-head with giants like MetaMask, but with the advantage of its massive user base and regulated brand.
For investors, the message is clear: Coinbase is reinventing itself to ride out the next bullish cycle, while taking advantage of a more friendly regulatory framework to attract institutional and retail capital alike.
Topic Opinion:
I can't help but point out the obvious: Coinbase went from being on the ropes with the SEC to capitalizing on regulatory clarity like no one else. The passage of the stablecoin and market structure bills is a sign that Washington is beginning to understand that the crypto industry can't be ignored or expelled, but must be channeled to lead the next wave of financial innovation.
And the relaunch of Base App shows that Coinbase doesn't want to remain a simple fiat-crypto gateway. It wants to be the epicenter of Web3 retail, competing head-to-head with wallets that were born 100% decentralized. If it manages to combine branding, regulation, and user experience, it could attract millions of new users, who today still view Web3 as an overly complex territory.
That said, nothing is guaranteed. Competition is fierce, and execution will be key.
💬Will Coinbase win the Web3 wallet battle, or will MetaMask continue to rule?
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