Coinbase shares are projected to reach their highest closing price on record, driven by positive regulatory developments under U.S. President Donald Trump. The stock surged 5% to $375, potentially surpassing its previous high of $357 from November 2021. Year-to-date, the stock has risen 50% from $256 in January. Analysts highlight the significance of the CLARITY Act as a catalyst for institutional adoption, alongside ongoing positive news about stablecoin regulations. Benchmark analyst Mark Palmer increased his price target for Coinbase from $301 to $421, citing its European expansion and integration of USDC into services. Regulatory developments are seen as intertwining digital assets with traditional financial markets, promising a steady flow of adoption despite inherent short-term volatility.

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