Turning on the waite in S & P 500 signals ‘Dramatic reversal’ for the CRIPTO industry

Coinbase (Coin) Stock rose more than 18% on Tuesday because Wall Street cheers Inclusion First and only CRIPTO exchange in S & P 500 (^ GSPC) – Main milestone for the company and industry once in the controller’s mutual use.

“The coin is gone from intense litigation With Sec only a few months (later lowered the SEK within the Trump regime) to be the latest S & P 500, “Bernstein General Manager Gautam Chhugani wrote on Tuesday morning.

“This event symbolizes a dramatic reversal of wealth for the crypto industry and its increase in importance as a limited financial innovation,” he added.

The significance of formally association S & P 500 per day 19. May not be lost on company managers.

“This is the main turnover, not only for coins, but also for the entire crypto industry” wrote Alesia Haas, CFO Coinbase, on Monday afternoon. “Joining this prestigious index reflects how far the coinbass and industry came and whether the signal is where the world is moving.”

The announcement came the days after Bitcoin (BTC-USD) has been crossing the level of $ 100,000 to reach The highest level since the end of January.

The criptocurrency gathered that President Trump won a white house last year and put key data to a frame of adjusted toker, the promise on which campaigns was promised.

One of these moves on Setting up cryptocurrent lawyer Paul Atkins At the head of Sec after Gari Gensler deviated 20. January.

At the end of February, Coinbase announced Sex agreed to reject his execution case against the company.

Under Gensler, agency has filled the coin Acting as unregistered national securities, broker and clearing agency.

In December, the actions of the waiter gathered all the time in December, the increase of 90% of the trump. In April, the stock decreased to the levels of pre-election elections, because the entire market sank after skipping Trump Tariff Policy.

To date, 1% were reduced by the actions of the waitress.

Bernstein has an assessment of purchases in stock with goals of $ 310. Analysts indicate a CRIPTO Exchange 320 billion dollars of property with about 10 million active users.

“With the aspiration of the Trump administration so that America created America” ​​Cripto capital of the world “, coins remains a dominant platform (66% of the American market share) to drive with a tail wind,” Chhugani wrote.

Ines Ferre is a higher business reporter for Yahoo Finance. Follow it on x on @enes_ferre.

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