Coinbase News: Potential for Major Growth Amid US Crypto Push

Here is a summary of recent news related to Coinbase and the US cryptocurrency market:

Coinbase (COIN) Gets $310 Target From Bernstein Amid US Crypto Push

The cryptocurrency market has been embraced by the United States this year, which is set to affect the US stock market. Coinbase (COIN) has received a $310 price target from Bernstein due to the US crypto push. The asset class has become a favorite of the Trump administration, and if the nation succeeds in becoming the “crypto capital of the world,” Coinbase could be among the biggest beneficiaries.

Coinbase CLO Criticizes U.S. Treasury for Ignoring Court Ruling on Tornado Cash Delisting

Coinbase’s Chief Legal Officer Paul Grewal criticized the U.S. Treasury Department for disregarding a Fifth Circuit ruling requiring Tornado Cash’s removal from the sanctions list. The U.S. Treasury favours strict oversight over blockchain’s transparency, risking innovation. Critics argue that traditional banks are still widely used for money laundering, and developers may be deterred from building new blockchain tools if faced with criminal charges. Grewal cited the government’s incorrect application of sanctions laws to Immutable smart contracts.