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Great to see U.S. Securities and Exchange Commission confirm what Coinbase 🛡️ & others have long known: Staking as a Service is NOT a security. Begs the question: will the 5 states with staking lawsuits continue in the face of such clear guidance from the fed securities regulator? Let's hope reason prevails.

Continued progress towards transparency - one step (and decision) at a time. Coinbase 🛡️

Important words from Brian Armstrong. The fight continues, with a little more wind in our sails. Progress is inevitable - too much at stake. Coinbase 🛡️

If most critics of crypto and illicit actors were serious, they'd focus similar attention on cash. As this latest example shows, when it comes to illicit activity, cash is in fact king. 1/3

.Coinbase 🛡️ seeks to move the OR AG’s lawsuit to federal ct bc the case is fundamentally about federal law. The AG would undermine recent bipartisan progress towards crypto clarity by creating a patchwork of state regulations that harms consumers, innovation, and economic freedom.

NJ crypto owners have missed out on ~$12M since the state effectively banned Coinbase 🛡️ staking in 2023. Tonight’s rally is a chance to make your voice heard about the damage this ban has caused, alongside legends @bigsean and DANI MOON. coinbase.com/blog/High-Stak…

A win not just for Coinbase 🛡️ - but for users and the industry. We will always fight to protect our standards and our customers.

More sunlight ➡️more transparency ➡️ more accountability ➡️ less likely to recur. Coinbase 🛡️ won’t stop fighting for its customers and the industry.

Those who fail to learn from history are doomed to repeat it. Great to have Congressman William Timmons joining Coinbase 🛡️’s fight for transparency.

Always fun to hang out with DJ PG. paulgrewal.eth

Here at the U.S. Senate Banking Committee GOP Digital Asset Subcommittee hearing on market structure led by Senator Cynthia Lummis. Witnesses include: 📌Ryan VanGrack of Coinbase 🛡️ 📌 Greg Xethalis of Multicoin Capital 📌 Sarah Hammer, Esq. of The Wharton School 📌 Rostin Behnam, former CFTC chair

Both Ryan VanGrack and Rostin Behnam have said that figuring out market structure and distinguishing between securities and commodities is not that complicated. Behnam: "Market structure is not terribly complex... customer, broker, exchange, clearinghouse, and custodian." VanGrack:

100 never felt so good. I couldn’t be more excited for the months and years to come. Legislation to keep the US the global crypto hub is gonna happen.