Latest news with #ClarityAct
Ottawa Citizen
2 days ago
- Politics
- Ottawa Citizen
Braid: Separatism debate heats up as referendum question goes to court
Article content The elections office asks Court of King's Bench to decide whether a referendum question proposed by separatists is unconstitutional. Article content Article content The question from activist Mitch Sylvestre, is: 'Do you agree that the province of Alberta shall become a country and cease to be a province of Canada?' Article content Article content This may violate the Constitution Act of 1982, and the subsequent Clarity Act, which lays out detailed requirements for separation. Article content Article content Short form: a province cannot unilaterally secede from Canada by simple referendum. Article content Even after a big Yes vote, talks with Ottawa are required. Article content Provincial law on referendums — the UCP's law — clearly states that unconstitutional questions may not be put to the people for a vote. Article content Whatever happens in court, the separatist drive for a referendum question is stalled for some time. Article content Another problem awaits them. A related question has already been approved by Elections Alberta, the independent body established by the legislature. Article content The pro-Canada leader of this campaign is former PC Deputy Premier Thomas Lukaszuk. Article content Article content He's now branded 'Tommy the Commie' by separatists who seem deeply annoyed that he got the jump on them. Article content He sure did. Lukaszuk's question was approved just before Canada Day. That kicked off a 30-day period for organizing that ends Wednesday. Article content After that, the group can start collecting official signatures to trigger a provincewide vote. Article content Lukaszuk's question was approved while a previous law was in effect. It requires him to gather 300,000 names, all fully checked and approved, in only 90 days. Article content Article content Bizarrely, after Lukaszuk's question was allowed, the UCP proclaimed legislation that lowers the bar to 177,000 signatures over 120 days. Article content That's a much more reasonable goal. But Lukaszuk may be stuck with the old one. Article content He argues that his question should fall under the new standard. Article content 'We're anticipating that he (the chief electoral officer) will say we're going by the old rules, but we may challenge him on that,' says Lukaszuk.
Calgary Herald
2 days ago
- Politics
- Calgary Herald
Braid: Separatism debate heats up as referendum question goes to court
Elections Alberta is taking the separatists to court. It could be some show. Article content The elections office asks Court of King's Bench to decide whether a referendum question proposed by separatists is unconstitutional. Article content Article content The question from activist Mitch Sylvestre, is: 'Do you agree that the province of Alberta shall become a country and cease to be a province of Canada?' Article content Article content This may violate the Constitution Act of 1982, and the subsequent Clarity Act, which lays out detailed requirements for separation. Article content Article content Provincial law on referendums — the UCP's law — clearly states that unconstitutional questions may not be put to the people for a vote. Article content Whatever happens in court, the separatist drive for a referendum question is stalled for some time. Article content Another problem awaits them. A related question has already been approved by Elections Alberta, the independent body established by the legislature. Article content The pro-Canada leader of this campaign is former PC Deputy Premier Thomas Lukaszuk. Article content Article content He's now branded 'Tommy the Commie' by separatists who seem deeply annoyed that he got the jump on them. Article content He sure did. Lukaszuk's question was approved just before Canada Day. That kicked off a 30-day period for organizing that ends Wednesday. Article content After that, the group can start collecting official signatures to trigger a provincewide vote. Article content Lukaszuk's question was approved while a previous law was in effect. It requires him to gather 300,000 names, all fully checked and approved, in only 90 days. Article content Article content Bizarrely, after Lukaszuk's question was allowed, the UCP proclaimed legislation that lowers the bar to 177,000 signatures over 120 days. Article content That's a much more reasonable goal. But Lukaszuk may be stuck with the old one. Article content He argues that his question should fall under the new standard. Article content 'We're anticipating that he (the chief electoral officer) will say we're going by the old rules, but we may challenge him on that,' says Lukaszuk.
Mint
4 days ago
- Business
- Mint
The Bitcoin is full of contradictions. It could still climb some more.
Bitcoin is in the midst of another historic rally. Can it continue? Your guess is as good as anyone's. The bearish arguments, so far proved wrong by the market, haven't changed. The bullish arguments remain as mercurial—and contradictory—as ever. The original cryptocurrency is having another great year, with its price up more than 27%. On Friday, Bitcoin traded at $119,023, up 0.5% for the day, and only about 3% below its July 14 all-time high of $123,166. The price peg's Bitcoin's total market cap at $2.3 trillion. If Bitcoin were a stock, that would rank it sixth in the S&P 500, behind Google parent Alphabet and in front of Meta, according to FactSet data. Given all the excitement, Wall Street analysts are scrambling to put a target price on the surging asset. On Thursday, Citigroup Global Markets offered investors a framework for understanding Bitcoin's price, based on criteria like demand and macro-economic factors. But the result wasn't going to change many minds: Citi offered a bull case of $199,000, representing a gain of about 70% from today's price and a bear case of $64,000, suggesting a 50% decline. It's hard to blame Citibank's analysts for trying to cover their bases. So many of the arguments in favor of Bitcoin tend to fall back on themselves—and yet the price marches ever upwards. Take Bitcoin's latest price driver: Action in Washington. Last week President Trump signed the Genius Act, a bill designed to regulate stable coins, a form of cryptocurrency backed by real assets. Lawmakers may soon advance the Clarity Act, which is designed to resolve the question of whether regulators should treat cryptocurrencies as commodities or securities. There is even talk of crypto in 401(k)s. It's true those developments could all further mainstream adoption. Yet for anyone who has followed the crypto industry's rhetoric over the past decade, it's a little hard not to blanch at all the cheering over victories in Washington. The original aim of Bitcoin—and its cri de coeur—was to be a store of value whose price was immune to government meddling. Bitcoin's scarcity, amid the growing demand for digital assets, is another key explanation for the rally. But this argument is thorny too. Bitcoin boosters are fond of repeating that there will never be more than 21 million Bitcoins, while regular 'halvings" make Bitcoin less and less lucrative to mine. Meanwhile, demand for Bitcoin has skyrocketed in the past year thanks to the advent of spot Bitcoin exchange-traded funds, which make it far easier for mainstream investors to bet on the cryptocurrency. The largest of these, the iShares Bitcoin Trust, has grabbed nearly $38 billion in investor dollars in the past 12 months and nearly $6 billion in the last month alone. But can this potent mix of scarcity and demand continue? While the number of Bitcoins is fixed, there is no limit on the number of copy-cat coins. CoinMarketCap tracks more than 18 million coins, according to its website, with a total market value of $1.5 trillion. So far the SEC has cleared spot ETFs for only the two most valuable cryptos: Bitcoin and Ethereum. But boosters of offerings such as XRP, Litecoin and Solana are clamoring for their own spot ETFs. Washington's new crypto-friendly attitude suggests they will soon get them. Of course, a flood of new crypto ETFs won't necessarily dampen investors' appetite for Bitcoin. Bitcoin's status and mystique as the original crypto has so far ensured it remains more valuable than its many imitators. But the potential flood does suggest that hype, more than limited supply, is what supports Bitcoin's price. Arguments for why investors should own Bitcoin (other than price speculation) are also shaky. Unlike stocks and bonds, Bitcoin doesn't throw off any cash flows. No matter, supporters have long argued. Bitcoin still has a role in your portfolio as a store of value, a form of 'digital gold." It's a view that has led some large investing firms (including Bitcoin ETF sponsors BlackRock and Fidelity) to advocate investors should consider devoting at least a small share of their overall portfolio, say 1% to 2%, to Bitcoin, to boost diversification. The Bitcoin-as-diversifier notion mirrors the longstanding arguments made in favor of owning actual gold—but there are problems with this thesis too. It's true that returns for Bitcoin and gold have resembled one another over the past year. They are both in the midst of big rallies. But, then so are plenty of risk-on assets, notably U.S. growth stocks, led by big U.S. technology names. While gold isn't a perfect hedge against stock-market declines, its reputation as a haven during times of macroeconomic turmoil has been established by academic studies looking at decades of returns. Bitcoin, invented in 2008, boasts no such extensive record. In fact, one recent study (again by BlackRock) found that, although Bitcoin's volatility had recently lessened, the coin remained about four times more volatile than gold. When the next bear market comes it seems likely investors will flee speculative assets like Bitcoin and tech stocks, not run to them for shelter. Where will Bitcoin go next? Prices may continue to march higher, just because they always have. But the arguments in favor of still-bigger gains still don't give much confidence—making sense only if you close one eye and wish away all the contradictions. Write to Ian Salisbury at
Yahoo
7 days ago
- Business
- Yahoo
Genius, Clarity bills sail through House in major win for crypto
In a historic victory for crypto, the House of Representatives approved three industry-backed bills on Thursday, one of which President Donald Trump will sign Friday afternoon. Two of the bills drew significant — an unexpected — bipartisan support. The Clarity Act, which would install the Commodity Futures Trading Commission as the industry's primary regulator, passed 294-134. Most Democrats, furious the bill didn't include language barring Trump from launching or promoting his own crypto companies, voted against the bill. Still, the so-called market structure bill earned greater bipartisan support than a similar bill that passed the House last year. The Clarity Act drew support from 78 Democrats. Only 71 Democrats voted for last year's market structure bill, FIT21. 'The somewhat surprisingly strong Democratic support for the passage of the Clarity Act in the House means that there is a bipartisan constituency for this bill,' Eli Cohen, general counsel at crypto firm Centrifuge, said in a statement. The Genius Act did even better on Thursday. That bill, which will allow banks and other companies to issue their own stablecoins, passed the House 308-122. The Senate approved the Genius Act exactly one month ago. With approval from both chambers of Congress, the bill just needs Trump's signature to become law. The president has scheduled a signing ceremony for 2:30 pm on Friday, according to crypto reporter Eleanor Terrett. Industry trade groups celebrated the bill's passage. 'The bipartisan passage of the GENIUS Act is a watershed moment for digital assets in the United States,' Summer Mersinger, the newly-installed CEO of the Blockchain Association, said in a statement. Amanda Tuminelli, executive director of the DeFi Education Fund, called it a 'historic achievement for the United States.' A third bill, the Anti-CBDC Surveillance State Act, passed 219-210. Only two Democrats voted for the bill, which would ban the US from issuing its own digital currency. Thursday's votes marked the culmination of 'Crypto Week,' which had been hyped as a celebratory moment for a once-embattled industry. But things didn't go according to plan. A group of far-right Republican lawmakers held up a series of procedural votes this week, prompting Trump's direct intervention. The president brokered a deal on Tuesday night, only for that deal to fall apart on Wednesday. After a record-breaking 10-hour vote, the bills cleared their final hurdle late Wednesday, allowing Thursday's votes, which sent the Genius Act to the president and the other two bills to the Senate. Despite Thursday's bipartisan showing, market structure legislation is expected to face steeper odds in the Senate, where 60 votes are typically needed for a bill's passage. Senators have yet to file their own market structure bill. But Democrats on the Senate Committee on Housing, Banking, and Urban Affairs have expressed skepticism over Republicans' stated principles for such legislation. 'It's critical that any crypto regulation bill we pass does not have massive unintended consequences,' Senator Elizabeth Warren, a Democrat from Massachusetts, said last week. Aleks Gilbert is DL News' New York-based DeFi correspondent. You can reach him at aleks@ Sign in to access your portfolio
Time of India
7 days ago
- Business
- Time of India
Top analyst says Coinbase stock could double soon — here's what's driving the surge
Coinbase Stock Could Double Soon, Says Top Analyst — Here's What's Powering the Rally- Coinbase stock forecast 2025 just got a massive upgrade, as top analysts project the price could more than double in the near future. The crypto exchange giant, which trades under the ticker COIN, is riding a wave of positive momentum fueled by regulatory clarity, Bitcoin's bull run, and booming institutional interest. With some experts predicting Coinbase stock could skyrocket to as high as $950 or even $1,550, investors are now asking. Coinbase Stock Rally: The Key Drivers Behind the Surge 1. Bold Technical Prediction From Top Crypto Analyst: Ali Martinez, a well-known market analyst in the crypto space, recently predicted a jaw-dropping price range for Coinbase stock: between $950 and $1,550 by 2025 . This would represent a gain of over 280%–520% from current levels. Explore courses from Top Institutes in Please select course: Select a Course Category Others Healthcare MBA Artificial Intelligence healthcare MCA Degree others Data Analytics Management Operations Management PGDM Leadership Project Management Technology Finance Public Policy Digital Marketing Design Thinking Product Management CXO Cybersecurity Data Science Data Science Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Martinez's bullish stance is rooted in a technical U-shaped recovery pattern forming on Coinbase's long-term chart. Historically, such patterns have preceded massive upswings in crypto-related equities, especially during high-adoption periods. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like I'm closing down. 70% off - Clearance sale (final collection) Handmakers Report Read Now Undo He also tied this forecast to a strong macro thesis: as Bitcoin heads toward $120,000+, and crypto regulation in the U.S. gets more transparent, Coinbase is expected to become the central on-ramp for both retail and institutional crypto investors. 2. Wall Street Analysts Raise Price Targets: Mainstream analysts aren't as aggressive as Martinez, but they're also bullish. Live Events Oppenheimer upgraded Coinbase stock to 'Outperform' and raised its target price to $417 , citing the firm's strong positioning for institutional inflows and an optimistic outlook on crypto regulation. Benchmark analysts are even more optimistic, with a target price of $421 , highlighting the passing of pro-crypto bills in Congress such as the Clarity Act and GENIUS Act . Bernstein reaffirmed Coinbase as one of the most misunderstood stocks on Wall Street, emphasizing its potential beyond just trading fees—including its growing influence in the stablecoin and derivatives markets. 3. Pro-Crypto Legislation Fuels Investor Confidence: Regulatory clarity has long been a sticking point for U.S.-based crypto companies. However, that tide may be turning in Coinbase's favor: The Clarity for Payment Stablecoins Act and The Financial Innovation and Technology (FIT) for the 21st Century Act—collectively referred to as the Clarity Act and GENIUS Act—are advancing in Congress. These bills aim to define how crypto assets should be treated under federal law, and if passed, would dramatically reduce legal uncertainty. Coinbase stands to benefit directly from these legislative wins, as regulatory confidence is a crucial requirement for institutional investors entering the crypto space. Additionally, the Anti-CBDC Act, which seeks to block central bank digital currencies (CBDCs), is also being considered. If passed, this would further secure Coinbase's role as a private-sector leader in the U.S. digital asset market. 4. Coinbase's Inclusion in the S&P 500 Boosted Institutional Flows: Another major catalyst for COIN stock came in May 2025 when Coinbase was officially added to the S&P 500 index. This inclusion: Attracted passive fund flows from ETFs and mutual funds tracking the index. Legitimized Coinbase as a blue-chip stock in the eyes of traditional investors. Signaled a broader acceptance of crypto as a mainstream financial asset class . Since the inclusion, Coinbase has enjoyed a noticeable spike in trading volumes and liquidity. 5. Bitcoin Bull Run Sparks Trading Frenzy: Coinbase's core business thrives when the crypto market is booming, and that's exactly what's happening now. Bitcoin surged past $120,000 , bringing back retail and institutional traders alike. Higher trading volumes = higher revenue from transaction fees, Coinbase's bread and butter. The bullish market is also expected to drive growth in Coinbase's staking, custody, and subscription services. Every Bitcoin rally historically pushes Coinbase stock higher. And with ETFs and sovereign wealth funds jumping into crypto, this rally could have a longer and stronger tailwind than ever before. 6. Strategic Partnerships and Growth Moves: Coinbase isn't just riding the market wave—it's actively expanding: The company recently partnered with ClearLoop, a settlement network that lets institutions trade with instant USDC-based settlements, lowering counterparty risk. Coinbase also acquired key talent from Opyn, a decentralized options trading platform. This move helps Coinbase expand its derivatives infrastructure, a fast-growing sector in the crypto economy. These strategic steps position Coinbase to grow beyond trading fees and build long-term, stable revenue streams. What Are the Risks? While Coinbase stock could double, it's important to be aware of the risks and challenges: Regulatory delays or reversals : If Congress fails to pass the Clarity or GENIUS Acts, regulatory uncertainty could return, impacting sentiment. High valuation : COIN trades at a forward P/E above 70 and a price-to-sales ratio above 11, which is far above industry averages. This means a lot of growth is already priced in. Crypto market volatility : As a pure-play crypto stock, COIN is vulnerable to sudden drops in Bitcoin or Ethereum, even due to external global events. Dependence on trading revenue : Despite diversifying, Coinbase still relies heavily on transaction fees. If trading slows down, so will revenue. What to Watch Next: Investors should keep a close eye on the following upcoming events: Q2 earnings report on July 31, 2025 — Expected to show strong gains in revenue and profit due to increased trading activity. Congressional movement on crypto legislation — Watch for updates on the Clarity Act, GENIUS Act, and Anti-CBDC Act. Bitcoin and Ethereum prices — Continued bullish momentum will likely push Coinbase stock higher. Could Coinbase Stock Really Double? Based on technical forecasts, pro-crypto legislation, Bitcoin's rally, and expanding institutional interest, Coinbase stock doubling is not out of the question. Some forecasts even put the price as high as $1,550 by 2025. However, realistic expectations from Wall Street analysts range from $417 to $450 over the next 12–18 months, based on fundamental and macroeconomic indicators. Bottom line: If you believe in the future of crypto, U.S. regulatory reform, and Coinbase's central role in this evolving ecosystem, COIN stock may offer significant long-term upside—just be prepared for the volatility that comes with it. FAQs: Q1: Why is Coinbase stock going up so fast in 2025? Because of strong Bitcoin growth, pro-crypto U.S. laws, and big investors joining. Q2: Can Coinbase stock really double by 2025? Yes, experts say it could hit $950 or more with clear crypto regulations and strong market growth.
