This year, the fog surrounding stablecoin legislation has finally lifted, causing the stock of Coinbase (COIN) to surge by 60% over the past 12 months and 23% over the year to date.
Beyond improved regulatory clarity and a series of product rollouts, the inclusion of the stock in the prestigious S&P 500 Index ($SPX) this May has also aided in the surge. The momentum carried into June, when Coinbase briefly became the top performer of the index.
