Coinbase Global Soars 5.24% on GENIUS Act, SEC Approval Push

On June 25, 2025, Coinbase Global's stock surged by 5.24% in pre-market trading, reflecting significant developments in the regulatory landscape and the company's strategic initiatives.

Coinbase Global has seen a boost in its stock price following two key developments. The U.S. Senate's passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has provided a regulatory framework for stablecoins, which is crucial for Coinbase's business model. The Act includes provisions for 1:1 reserve backing in safe assets and anti-money laundering compliance, and it permits non-bank entities to issue stablecoins, a significant win for Coinbase given its partnership with Circle Internet Group, the issuer of USD Coin (USDC).

Additionally, Coinbase is pushing to gain SEC approval for tokenized equity trading, which could further expand its market reach and revenue streams. The company's recent quarterly report showed earnings per share of $0.24 and revenues of $2 billion, although these figures fell short of analyst expectations. Despite this, the stock has continued to climb, surpassing $300 per share.

USDC, the second-largest dollar-backed stablecoin, plays a pivotal role in Coinbase's business strategy. In the most recent quarter, USDC revenue reached $298 million, accounting for roughly 15% of Coinbase's total revenue and growing at an impressive 51% year-over-year. The GENIUS Act, if enacted into law, could further legitimize and accelerate Coinbase's stablecoin strategy, strengthening a rapidly expanding revenue stream.