COIN Stock Prediction As Price Keeps Falling Despite SEC and CFTC Support for CLARITY Act

Coinbase (COIN) stock has dropped by 9% in the last two days, down from $187 on Wednesday’s market open to close trading at $169 on Thursday, April 9. The drop comes despite US financial regulators supporting US Treasury Secretary Scott Bessent in his call for Congress to pass the CLARITY Act. While this regulatory development is expected to trigger a bullish price prediction for COIN stock, a drop below support could lead to further dips.