“We view the ruling as incrementally positive for Coinbase, given the interpretation that in some cases a token may not be a security,” the bank’s analysts wrote, keeping COIN’s rating at underweight with a $70 price target. “This may also provide incremental clarity for future token issuances.”
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...