Coinbase Stock Rises as CFTC Proposes Crypto Regulations

Coinbase Global Inc. (NASDAQ: COIN) shares are surging Friday along with other crypto-linked stocks as Bitcoin (CRYPTO: BTC) rises following a CFTC proposal this week to regulate crypto asset transactions and markets. Coinbase Global stock is among today’s top performers.

The SEC introduced a five-year pilot program allowing qualified trading platforms to offer blockchain versions of U.S.-listed equities, with a catch: those tokenized shares have to carry the same dividend payments and voting rights as ordinary shares, and trading has to freeze whenever the actual stock’s exchange pauses activity. Robinhood has positioned itself well ahead of this shift, having already run a similar model overseas. CEO Vlad Tenev has noted the comp...