Bitcoin News Today: Coinbase Stock Hits $410.28 on US Crypto Legislation Hopes

Coinbase's stock reached an unprecedented high of $410.28 on July 17, 2025, coinciding with the anticipated signing of significant cryptocurrency legislation in the United States. This milestone reflects a surge in market optimism, driven by expectations of favorable regulatory changes that could enhance the platform's user base and operational efficiency.

The record performance of Coinbase's stock is closely tied to the broader trends in the crypto market, particularly the heightened trading activity of Bitcoin (BTC) and Ethereum (ETH). The increased institutional engagement and potential regulatory support are critical factors contributing to Coinbase's growth. The company's significant role in facilitating transactions of major cryptocurrencies positions it as a key player in the evolving financial landscape.

The financial implications of these developments extend beyond Coinbase, potentially boosting confidence in the broader crypto industry. This trend underscores the need for strategic engagement by key players in the financial sector, as legislative support is likely to impact long-term operations. Previous market cycles suggest that the success of Bitcoin and Ethereum could ripple across other assets, influencing future trends and volumes.

Coinbase's CEO, Brian Armstrong, has been a strong advocate for crypto-friendly policies, although he has not made specific statements regarding this stock milestone. The increase in Coinbase's stock aligns with broader market trends and reflects growing institutional interest in the crypto sector. The anticipated signing of the cryptocurrency legislation is expected to provide a clear regulatory framework, paving the way for robust market structures and consumer protection.

The passage of pro-crypto legislation, such as the GENIUS Act and other supportive bills, has significantly boosted investor confidence in the crypto sector. This legislative support is anticipated to deliver a significant boost to the cryptocurrency domain, providing a much-needed legal identity structure and format. This could inspire other nations to adopt similar frameworks, leading to an increased influx of users interacting with the cryptocurrency domain and further solidifying its position in the global financial landscape.

Looking ahead, Coinbase expects its Q2 subscription and services revenue to be between $600 million and $680 million. Analysts anticipate a 21% year-over-year decline in earnings per share (EPS) to $0.84 for the quarter, with a full-year EPS forecast at $4.90, down 35% year-over-year. However, a rebound is expected in the next fiscal year, with EPS projected to rise 26% to $6.18. The next two quarters of earnings will be crucial in determining the future trajectory of Coinbase shares, especially with the passage of these crypto bills. Analysts are calling COIN a 10/10 buy, forecasting even further all-time highs in the coming months, potentially reaching $510.