Coinbase (NASDAQ:COIN) shares have been on a tear recently, gaining ~70% over the past three months and moving within striking distance of their all-time high of $357.39, set on November 9, 2021.
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Much of the recent momentum stems from two key regulatory breakthroughs. First, the U.S. Senate passed the bipartisan GENIUS Act, which aims to establish a legal framework for stablecoins. Second, Coinbase secured a Markets in Crypto Assets (MiCA) license, granting it the ability to offer crypto trading, custody, staking, and payment services across all 27 EU countries, along with Iceland, Liechtenstein, and Norway.
Building on that regulatory tailwind, Coinbase also rolled out several strategic initiatives that have further bolstered sentiment. Most importantly, it launched Coinbase Payments to facilitate USDC stablecoin transactions, a move that directly aligns with the GENIUS Act’s framework and…
