Coinbase shares rise 10% after Trump concessions on CLARITY Act
- —COIN rose nearly 10% to $191.50, up 37% from its yearly low
- —Concessions: enforcement for state attorneys general and divestment for officials
- —Odds of CLARITY Act passage on Polymarket fell to 19%
- —Analysts raised targets: Morgan Stanley — $250, Goldman Sachs — $219
Why it matters: The bill would shift authority from the SEC to the CFTC and ease pressure on Coinbase, but falling odds of passage limit the stock's upside.
Source: Invezz