JPM Cuts Coinbase Price Target Due to Regulatory Risks

“While we continue to agree with the consensus view that thoughtful rules and regulations are what is needed to deliver greater confidence in and growth for the crypto ecosystem, we see regulation through enforcement as a risk to digital-focused businesses,” analysts wrote. “However, recent actions by the SEC put different pieces at risk, including staking, USDC stablecoin and custody.”

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• Source: https://www.coindesk.com/business/2023/02/17/jpm-cuts-coinbase-price-target-due-to-regulatory-risks/?utm_medium=referral&utm_source=rss&utm_campaign=headlines