Citi Research analysts have upgraded Coinbase's stock following a Supreme Court ruling that strengthens the company's position in its ongoing legal battle with the SEC. The ruling, which pertains to administrative agency authority, could also influence the interpretation of the Howey Test and potentially allow Coinbase to utilize the Major Questions Doctrine. Additionally, a supportive stance from a crypto-friendly White House is expected to further enhance the regulatory landscape for Coinbase.

HONEY

Citi Research analysts believe that a recent Supreme Court ruling on administrative agency authority strengthens Coinbase's position in its legal battle with the SEC. The analysts upgraded Coinbase's stock and noted that a crypto-friendly White House could further improve the regulatory environment for the company. The Supreme Court ruling may also impact the interpretation of the Howey Test and open the door for Coinbase to invoke the Major Questions Doctrine.

Citi Research Upgrades Coinbase Stock Following Favorable Supreme Court Ruling