COIN Stock Price Forecast as OCC Plans to Finalize GENIUS Act Rules by November

Coinbase (NASDAQ: COIN) stock price gained by 9.55% on August 19 to close trading at $160. The gains occurred after planned US Treasury buybacks boosted crypto market sentiment, with Bitcoin (BTC) surging to $71,200. The stock is also gaining fresh attention after the Office of the Comptroller of the Currency (OCC) announced that it is working on GENIUS Act stablecoin rules.

OCC Works to Finalize Stablecoin Rules

The US Comptroller of the Currency, Jonathan V. Gould, has revealed that the OCC will have the final stablecoin rules under the GENIUS Act in November, adding that the institution began working on those rules before President Trump signed the stablecoin bill into law.

Gould added that the GENIUS stablecoin rules would birth a new industry in payment stablecoins, which the OCC would regulate and supervise.

“It actually brings us back to our original mission back in the 1860s when we were created, which is ensuring that the reserve assets backing then national bank-issued notes were of the same level of quality,” Gould opined.

Gould’s statement comes as federal agencies begin rulemaking for the bill one year after it passed. As CoinGape earlier reported, the US Treasury is also seeking public comments on the GENIUS Act before implementing it.

COIN Stock Prediction as Price Posts Biggest Single Day Gain Since May

Coinbase shares opened trading at $147 on August 20 before closing at $160. The gains saw the stock close with its biggest single-day gain since May 11.

The gains posted by COIN stock price mirror the bullish sentiment across the broader crypto market as Bitcoin and altcoin prices rose after the US Treasury Secretary Scott Bessent said that the US government will buy back US Treasuries to steady the bond market, with the improved liquidity boosting demand for risk assets.

COIN stock is now testing resistance at the 50-day EMA of $160. If it closes above this resistance, the price could move to the 150-day EMA of $172, before a move to $190 occurs if buyers sustain the momentum.

The RSI reading of 53 also shows that the momentum is now leaning bullish, while the RSI line that is creating a higher high suggests that sellers have lost their power as buyers take over.

Pre-market trading also confirms that the gains will likely continue today, August 20, because the stock was up by 7% in pre-market to trade at $171.

However, if the buying pressure eases, the price of COIN stock could move to test the support at the 20-day EMA of $153.

CLARITY Act Boosts Gains For COIN Stock

The CLARITY Act bill is making headlines again after Coinbase CEO Brian Armstrong met with President Trump and other crypto executives at the White House on August 19, with that meeting also boosting gains for COIN stock price.

Armstrong opined that President Trump has affirmed the US government’s commitment to pass the CLARITY Act bill, adding that both the SEC and the CFTC are aligned in supporting the bill’s passage.

CoinGape prediction markets show that the meeting did not increase the odds of this bill passing, with traders betting a 24% chance that the bill will pass in 2026.

The US Congress is expected to vote on the CLARITY bill on September 15, with Armstrong saying that the vote is now the “most important thing.”