Coinbase (COIN) Set to Gain Advantage Amidst U.S Crypto Regulations, Executive Reveals
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- Amidst aggressive U.S. regulations, Coinbase’s business is reportedly booming.
- Bitwise executive claims that Coinbase benefits from hostile U.S. crypto regulation.
- The executive projects that crypto startups will fall off the wayside.
As U.S. regulations tighten, Coinbase thrives, creating an artificial “moat” for its business, according to Bitwise’s CIO Matt Hougan.
How Coinbase Benefits from U.S. Crypto Regulation
According to Bitwise’s CIO Matt Hougan, Coinbase is the key beneficiary amidst aggressive U.S. enforcement actions in the crypto space. Recently, firms like Robinhood Crypto, MetaMask, and Uniswap received Wells notices from the U.S. SEC (Securities and Exchange Commission), signaling the SEC’s intention to take enforcement action against them. The CFTC (Commodity Futures T... Read the full article for FREE at COINOTAG!
