I'm confident we can achieve a market structure win-win that...
I'm confident we can achieve a market structure win-win that advances the President's crypto agenda while addressing the concerns of the banks. Our focus throughout will be to advocate for what's best for crypto users.
We’re all in - we were the first ones fighting for market structure before it was popular, and we’re staying at the table. GENIUS passed 6 months ago and is now being re-litigated. That deeply impacts our customers.
Coinbase attended both recent White House meetings and the crypto industry is aligned. We’re making good progress towards reaching a win-win-win between the White House, banks and crypto, and we'll keep advocating for what's best for crypto users, especially core consumer benefits like rewards.
We’re all in - we were the first ones fighting for market structure before it was popular, and we’re staying at the table. GENIUS passed 6 months ago and is now being re-litigated. That deeply impacts our customers.
Coinbase attended both recent White House meetings and the crypto industry is aligned. We’re making good progress towards reaching a win-win-win between the White House, banks and crypto, and we'll keep advocating for what's best for crypto users, especially core consumer benefits like rewards.
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Coinbase CEO focusing on ETH adoption & expanding crypto access
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10baggerbamm : it's spring time is the earliest possibility of a vote and that's already been disclosed a week and a half ago that's what members of Congress said is that they were assured that it will go for a vote in spring so you're talking several months away
what that means is this quarter is a waste there's not going to be any clarity and the reality is any resolution is going to be a reduction in the rewards that they will be offering. so what could this mean it's called a mob shakedown every Monday my boys are going to be coming by and you're going to have a brown bag for me do you understand that for that you get protection. I could realistically see that a percentage of the rewards basically dividends or interest call it whatever you want that result in staking from stable coin a portion of that's going to get paid back to these large Banks somehow it gets paid into like an insurance program let's call it so these large Banks your Bank of America Morgan Stanley JP Morgan basically all of the guys that worded the current legislation that would benefit them and not coinbase I think you're going to see a reduction in the rewards at coinbase will be able to receive and a percentage of what they do receive right now is going to go into this sharing account let's call it and we'll be redistributed to these large member banks call it a shakedown and a distribution. you have to understand that coinbase will not get everything that they have right now because if you are going to have a negotiation. either coinbase has to become a physical Bank by every compliance standard and that way the money's from stable coin fall under the banking jurisdiction and banking guidelines and I don't see coinbase doing that or they are going to be receiving a reduced rewards amount it reduced level of interest that they can distribute to their investors you are not going to get both. so it's important you understand that which means the earnings revenue model for coinbase is going to be REDUCED. SO YOU NEED TO EXPECT TO SEE EARNINGS REVISIONS LOWER IN THIS FASTEST GROWTH SEGMENT FOR COINBASE.