Citi Boosts Coinbase Stock Price Target, Rates COIN a ‘Buy’

Quick Summary:

Citing a Supreme Court ruling, the firm notes that the Securities and Exchange Commission could have its authority diminished.

However, legal experts, in the decision’s aftermath, told Decrypt that the Supreme Court’s ruling had put regulators’ “role and firepower” on notice.

Coinbase argued that Congress had not granted the SEC authority to regulate crypto under the Securities and Exchange Act of 1933.

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Article Details

Author / Journalist: André Beganski

Category: Crypto

Markets: Estonia

Topics: Coinbase Major Questions Doctrine Securities and Exchange Commission Citi Research Chevron Deference Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 22:40:17 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 21756912

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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