Berenberg Capital analysts see Coinbase still facing significant weight regulatory challenges in The United States despite Ripple’s recent legal victory.

Berenberg Capital analysts see Coinbase still facing significant weight regulatory challenges in The United States despite Ripple\’s recent legal victory.

Challenges with Staking Service Suspension

They argue that Coinbase will suspend the staking service in Four countries that could be sending negative signals to regulators, probably leading for further scrutiny.

Ruling on XRP Sales

Judge Annalisa Torres ruled last The week that XRP sales don\’t happen across exchanges qualify As securities contracts or offers have renewed confidence in the global encryption space. Some experts speculate that the ruling could classify other cryptocurrencies assets as non-securities.

Bank of America’s Actions

Lawsuits Against Coinbase

Ten states have sued Coinbase over cryptocurrency retail services.

Increase in Regulatory Scrutiny

As such, analysts at Berenberg Capital Markets, a FINRA-registered brokerdealer in New York, Coinbase comment suggested of Its staking service in Some US states may indicate guilt and speeding more Audit from the Securities and Exchange Commission.

Although it is legal challengesCoinbase remains Optimistic and committed for clearer systems in United State

Meeting with US House of Representatives

He will meet with Brian Armstrong, CEO of Coinbase with Members of the US House of Representatives on July 19th to discuss cryptography and Web 3 regulation space.

COIN Shares Price

On time of writing Coinbase’s COIN shares price hovering around $104.80, down 0.71% in the market In hours, according to Google Finance.

ARK Invest’s Actions

Last week, ARK Invest by Cathy Wood took he won on some of Its COIN holdings after XRP-backed shares soared.