Crypto Rebounds in 2023 After Brutal 2022; Coinbase Surges But Regulatory Uncertainty Lingers
• Crypto prices rebounded in 2023 after steep declines in 2022; bitcoin up over 160% and Coinbase stock tripled • Investors optimistic about wider crypto acceptance and regulatory clarity in 2024 • Potential risks include tougher regulations and extreme risk-taking leading to another crash • Coinbase benefitted from rivals' troubles but faces legal fight with the SEC • Crypto industry ramping up lobbying, donations to back crypto-friendly policies and candidates