Coinbase SEC just handed Coinbase a five-year innovation exemption for tokenized U.S. stocks.

Summary

The speakers say the SEC granted Coinbase a five-year innovation exemption for tokenized stocks, describing it as an alternative path to legislation rather than passage of the Clarity Act. They highlight Coinbase’s recent share-price gains, unusual trading activity, rising analyst targets, and the tendency of crypto-linked stocks to move with Bitcoin.

• The speakers describe a five-year SEC exemption allowing Coinbase to tokenize stocks and other assets.
• Coinbase reportedly rose from about $177 to $205 following previously flagged unusual trading activity.
• Coinbase was said to have gained as much as 6% during the session before easing from its high.
• Goldman Sachs, Morgan Stanley, and Needham are cited as raising price targets into the $200–$250 range.
• The speakers speculate that Bitcoin could return to a six-digit price.
• Coinbase and Robinhood are described as generally moving in the same direction as Bitcoin, though not perfectly.
• MSTR and RIOT are mentioned as alternatives for traders seeking Bitcoin-linked exposure.

1. 0:00

   You said it, right at the top of the show. Hey, with Bitcoin moving through 96 86,000 and indeed it has, Pete. Um, the SEC did grant that five-year innovation exemption. So, it's not the same as a uh Clarity Act passing, but

2. 0:17

   this kind of end runs the Clarity Act, Pete, cuz they gave them five years um for them to tokenize stocks and a whole bunch of other stuff, which is pretty darn interesting. And there was unusual activity in this name. People are out there going, "Really?" Yep, right there,

3. 0:34

   folks.

4. 0:36

   $30 ago, when the stock or when Coinbase was trading 177. How long ago is that?

5. 0:42

   Well, that was what? Wednesday before uh uh 9/11. It was trading at 177. Where is it now? 205, 30 bucks higher. So, there you got a little look at it. Um you want to make some money trading uh some of

6. 0:59

   those cryptos and the surrogates for Bitcoin or Ethereum or Solana? Well, you should be a subscriber.

7. 1:08

   >> Yeah, absolutely. I mean, the unusual says it all. I mean, we look at Coinbase. It's been up as much as 6%. I think it's off of that high right now, John. But the other thing is analysts are really very much interested in this whole world. And then whether it's Goldman Sachs or Morgan Stanley or Needham, they're all starting to move up

8. 1:26

   those those targets. They're raising them up to 200 all the way to 250. So, um they don't think it's over. They think there's still a little something left out of this Bitcoin. And maybe we get into the you know, six-digit category once again. We'll see, but the the reality is it's pretty interesting to see how well, you know, Coinbase and

9. 1:44

   and Robinhood are two of many other names, but two names that seem to move when when we see anything going on with Bitcoin, they seem to be moving in that same direction. Um it's not perfect.

10. 1:56

    It's not exact, but it's pretty darn close. So, I'm looking at Coinbase and and pretty impressed with what they're doing, John, and and and how things are going. And I think that's exactly what a lot of these analysts are looking at as as well. They're just looking at it just saying, "Hey, look, Bitcoin's doing this. Uh Coinbase is going to do that." And it's looking pretty good right now.

11. 2:15

    >> Well, uh it is looking pretty good, Pete. And um I would say that uh we're going to continue to see um MSTR and a whole bunch of the other surrogates, RIOT.

12. 2:28

    Uh the people that trade those in lieu of uh trading Bitcoin itself, they trade a lot of those derivatives. And I think they're making some coin today.

Transcript from the show's YouTube captions; automatic captions may contain errors. Educational content, not investment advice.