In today’s post:
🪙 $37.1T And One Winner
🪙 $37.1T And One Winner
Congress couldn't regulate crypto. Coinbase might be the biggest winner.
Washington spent months writing crypto's rulebook.
It couldn't even get the bill to the starting line. The Clarity Act failed to reach the 60 Senate votes it needed to advance.
Meanwhile, bitcoin is bouncing back after a drop of more than 50%.
So the question for Coinbase $COIN ( ▼ 0.92% ) is simple. Is it a buy right now, with no rulebook at all?
We think the business is still in the early innings. There is one catch, though, and it sits at $210.
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