US EditionCoinbase Pulls Support for Major Crypto Bill. Here's What It Means for the Industry
13 Articles
13 Articles
Coinbase is late to stocks—but CEO Brian Armstrong says it will win in the long run
Brian Armstrong founded Coinbase in 2012. Since then, he has built his company into a dominant crypto brand with products that range from wallets to stablecoins to a Bitcoin-themed credit card. Now, Armstrong’s firm is pushing into a decidedly different market: Stocks, where it will compete with the likes of Schwab, Fidelity and arch-rival Robinhood. The decision to add stocks is part of Coinbase’s plan to be an “everything exchange” where users…
Coinbase Faces Criticism as Securitize Dominates Regulatory Advantage
Coinbase faced criticism for withdrawing support, driven by competitive concerns over crypto legislation. Securitize, a company partnered with BlackRock, is planning a listing, managing over $4 billion tokenized assets. Cantor Equity Partners II’s shares were up 10% but then leveled off at 2.2%. Citron Research has sharply criticized Coinbase for withdrawing support for crypto market structure legislation, claiming the move reflects competitive …
Coinbase (COIN), Robinhood (HOOD) Tumble As Senate Crypto Bill Stalls: What It Means For Both Stocks - Coinbase Global (NASDAQ:COIN)
Coinbase Global Inc (NASDAQ:COIN) and Robinhood Markets Inc (NASDAQ:HOOD) slumped on Thursday as fresh turmoil around a long-awaited U.S. crypto market-structure bill rattled investors. Here’s what investors need to know. Coinbase, Robinhood Stocks Drop After Armstrong Blasts Draft Bill Thursday’s sell-off followed Coinbase CEO Brian Armstrong’s announcement that the exchange can no longer support the latest Senate Banking Committee draft. In a…
Although Coinbase maintains that there are serious conflicts about consumer protection and free competition, companies in the asset tokenization sector do not seem to see problems, especially because it establishes clear principles for the treatment of tokenized assets. *** Coinbase’s decision led the Senate Banking Committee to cancel a key debate (“markup”) without a new date. Armstrong warned that the draft could be “catastrophic” for consume…
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