Coinbase Poised to Capitalize on Regulatory Clarity in U.S. Crypto Market, Benchmark Reports

Benchmark Boosts Coinbase Target to $421, Sees Gains From Regulatory Clarity in U.S.

Benchmark has raised its price target on Coinbase (COIN) shares to $421 from $310, maintaining a buy rating as regulatory developments in the U.S. appear increasingly favorable for the crypto exchange.

In a note released Monday, the brokerage firm said Coinbase is well positioned to capitalize on the proposed crypto market structure bill introduced in the House of Representatives earlier this month.

Despite the optimistic outlook, Coinbase shares slipped 1.6% in early trading on broader market jitters linked to heightened tensions in the Middle East.

Last week, Coinbase stock soared 23% following the bipartisan Senate passage of the stablecoin GENIUS Act and news that the company secured a MiCA license in Luxembourg. This regulatory approval allows Coinbase to expand crypto services across all 30 countries within the European Economic Area.

“The CLARITY Act is designed to establish a comprehensive regulatory framework for digital assets in the U.S.,” said Benchmark analyst Mark Palmer. “Such clarity could significantly improve how the government approaches crypto regulation, providing the certainty needed for greater institutional adoption.”

Benchmark also noted that if the CLARITY Act passes, it could open fresh opportunities for Coinbase’s staking services, adding another potential driver of revenue growth.