Coinbase says it's in strong regulatory position despite 'disjointed' US approach
Crypto giant Coinbase singled out regulation, and the company’s positioning relative to it in the U.S., as a strength in its earnings report for the fourth quarter of 2022. Still, Coinbase painted a challenging picture for the digital asset industry in the U.S.
While the SEC moves to expand its jurisdiction, other agencies seem to prefer crypto to be pushed out of the regulatory sphere,” Coinbase said, citing recent U.S. bank regulator warnings to financial institutions about holding crypto on public blockchains. Coinbase said, adding that it would continue efforts with banks internationally “to work through these challenges, demonstrating the rigorous and mature approach Coinbase has taken to maintenance.
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