Coinbase Dismisses Revised Clarity Act, Signals Ongoing Friction
In January, Coinbase CEO Brian Armstrong posted on X the night before a planned Senate Banking Committee markup, declared his company could not back the bill, and forced the hearing off the calendar. Related Reading: Bitcoin Stuns Gold In War Rally—Safe Haven Crown Up For Grabs Now, after lawmakers unveiled fresh compromise language for the […]
Related News
Cryptocurrency exchange Coinbase has reportedly told Senate offices it cannot support the latest language inserted into the CLARITY Act, dealing a fresh setback to negotiations over the anticipated crypto market-structure bill. The dispute centers on newly revised provisions governing stablecoin yield arrangements, a key point of contention that has been the subject of months of talks on Capitol Hill. Coinbase Says No To Late‑Stage Compromise The Senate’s updated text would constrain how stablecoin yield programs operate, limiting structures that try to mirror bank deposit products and....
Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act. According to the FSA, Coinbase is approved to trade bitcoin (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and litecoin (LTC). The approved entity is a Japanese subsidiary of Coinbase Global, a Nasdaq-listed....
Quick Facts: ➡️ The ‘Everybody Coinbase’ Karaoke Ad Signals Crypto’s Shift From Niche Speculation To Mainstream Utility. ➡️ Coinbase Utilized High-Energy Shared Experiences To Prove That Digital Assets Are Now Accessible To Everyone. ➡️ SUBBD Token differentiates itself by combining crypto payments with proprietary AI tools like voice cloning and automated personal assistants. ➡️ With […]
You have Bitcoin wallets for everyday spending, and you have cold-storage for keeping money safe. I believe Coinbase has found a happy medium, with the scale tipping towards security rather convenience. Its a rather good announcement, as what any reputable wallet maker has to achieve are two very conflicting mindsets seen below: Wallet is easy to use, with an intuitive interface that allows sending and receiving money with as little friction or resistance to the process. This usually means no verification or loopholes to jump through, as well as settings being tucked into corners where....
The Celsius CEO is also seeking clarity for similar products while Mark Cuban advises going on the offensive. Support for Coinbase and its CEO, Brian Armstrong, has been pouring from the crypto community since the company disclosed in a regulatory filing on Wednesday that it had received a Wells notice from the U.S. Securities Exchange Commission. The regulator has threatened to sue the exchange over its proposed Lend program, which would offer 4% interest on customer holdings of the USDC stablecoin. Company CEO Brian Armstrong took to Twitter on Sept. 8 to vent his dismay over the lack of....