Coinbase (COIN) stock has experienced a dramatic surge, rising over 30% in the last 30 days, reaching a new high of $259.17. This rise is attributed to several factors, including Kevin Hassett’s substantial investment stake and growing optimism surrounding regulatory clarity within the cryptocurrency space. Hassett, former Trump administration advisor with a significant Coinbase investment, disclosed holdings between $1 million and $5 million according to his federal financial disclosure. 30% Gains Come Amidst Regulatory Optimism This stock performance has been further boosted by the exchange’s recent inclusion in the S&P 500 index, a move that triggered a significant surge in share prices. The rise of Coinbase stands in contrast to other crypto-related companies like Mara Holdings (MARA), Block Inc. and MicroStrategy, which have seen declines in recent trading sessions. These fluctuations suggest investors are actively choosing their investments within the sector based on specific factors and market conditions.