Coinbase Stock Jumps After Senate Crypto Bill Vote: What COIN Investors Need to Know
Coinbase shares rose 5% to $212.01 in premarket trading after the Senate Banking Committee advanced the Digital Asset Market Clarity Act 15-9. The bill now moves to the Senate floor, but its passage is uncertain due to opposition from Democrats, banks, and election-year timing. Coinbase reported a Q1 net loss of $394.1 million and falling transaction revenue.