News Explorer — Citi Research Raises Price Target for Coinbase Stock Citing Supreme Court Ruling

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Jul 23, 10:40 pm

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Citi Research Raises Price Target for Coinbase Stock Citing Supreme Court Ruling

Citi Research analysts believe that a recent Supreme Court ruling on administrative agency authority strengthens Coinbase's position in its legal battle with the SEC. The analysts upgraded Coinbase's stock and noted that a crypto-friendly White House could further improve the regulatory environment for the company. The Supreme Court ruling may also impact the interpretation of the Howey Test and open the door for Coinbase to invoke the Major Questions Doctrine.

Citi Research analysts believe that a recent Supreme Court ruling on administrative agency authority strengthens Coinbase's position in its legal battle with the SEC. The analysts upgraded Coinbase's stock and noted that a crypto-friendly White House could further improve the regulatory environment for the company. The Supreme Court ruling may also impact the interpretation of the Howey Test and open the door for Coinbase to invoke the Major Questions Doctrine.

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