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Topline
Shares of Coinbase, the largest American cryptocurrency exchange, are up more than 25% to a 14-month high since a major Thursday ruling on crypto regulation, which many industry players interpreted as a major win, though one skeptical analyst says bullish investors should pump the brakes.
Key Facts
Coinbase stock has added nearly $5 billion in value since a federal judge said Thursday that Ripple Labs, a fellow crypto company facing a similar Securities and Exchange Commission lawsuit, did not violate regulatory laws by selling its own token, apparently siding with the view that digital assets are unregistered securities that should be regulated similarly to publicly traded stocks.
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