Shares in US crypto exchange Coinbase (COIN) are seeing massive gains amid regulatory advancements.
Shares in COIN soared from June’s low of $235 to a high of $369 as the platform gained a license to operate in Europe and as the US Senate approved legislation to regulate stablecoins.
Coinbase announced it has secured a Markets in Crypto Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), which permits the platform to “offer our full suite of crypto products to all 27 EU member states.”
With the license, Coinbase will establish “its European crypto hub” in Luxembourg.
Meanwhile, US senators passed on June 17th the landmark Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), a bill aimed at regulating
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!