Key US Regulatory Changes Influencing Crypto Prices, According to Coinbase

The latest Coinbase Weekly Market Commentary, dated May 17, emphasizes the significant impact of regulatory changes on U.S. cryptocurrency markets. 

Coinbase highlights that regulatory developments are becoming a major catalyst for crypto performance, particularly citing upcoming events such as the Securities and Exchange Commission’s (SEC) decisions on spot ether exchange-traded funds (ETFs), potential White House actions regarding the SEC’s SAB 121 repeal, and the U.S. House vote on the Financial Innovation and Technology (FIT) for the 21st Century Act. 

Additionally, Coinbase mentions the potential acceleration of the adoption cycle due to stablecoin legislation like the Lummis-Gillibrand Payment Stablecoin Act.

Clever Robot News Desk 21^st May 2024