U.S. Senate Advances Cryptocurrency Legislation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Should l Buy COIN?
Source: Benzinga
- Legislative Progress: The U.S. Senate Committee on Agriculture, Nutrition, and Forestry voted 12-11 to advance cryptocurrency market structure legislation, bringing the bill closer to establishing a federal regulatory framework for digital assets, which is seen as a pivotal move for U.S. leadership in global crypto innovation.
- White House Support: White House AI and Crypto Czar Sacks confirmed the committee's action on social media, thanking Chairman John Boozman for his leadership, stating that this progress brings the U.S. closer to becoming the crypto capital of the world, reflecting the government's commitment to the crypto industry.
- Bipartisan Cooperation Commitment: Despite the partisan vote, Sacks noted that several Democratic members pledged support for the final legislation, indicating potential bipartisan collaboration in crypto legislation, particularly highlighting Senator Cory Booker's role in advancing the initiative.
- Industry Response: Ripple CEO Brad Garlinghouse emphasized the importance of clear legislation, asserting that the bill is crucial for crypto entrepreneurs as digital assets become increasingly integrated into the global financial infrastructure, with industry leaders increasingly calling for regulatory clarity.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COIN is 361.63 USD with a low forecast of 230.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 146.120
Low
230.00
Averages
361.63
High
440.00
Current: 146.120
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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