Coinbase executive says firm not worried by wall street crypto push

A senior Coinbase executive stated that the company welcomes competition from traditional financial institutions in the crypto space. She emphasized the unique strength of the industry's grassroots community during global advocacy events.

Katie Harries, Coinbase's head of Policy for Europe, told CoinDesk that the exchange is unconcerned by growing involvement from Wall Street firms. “We have always said that a rising tide lifts all ships,” she said, adding that Coinbase is “not at all” worried about the trend.

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A photorealistic image depicting a handshake symbolizing Coinbase's UK regulatory approval for stocks and derivatives.
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Coinbase secures UK license to offer stocks and derivatives

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Coinbase has secured UK regulatory authorization to offer equities and derivatives alongside crypto services. The approval advances the company's expansion in one of its key international markets.

Strike CEO Jack Mallers has rejected the notion that Wall Street endangers Bitcoin. He described the digital asset as money for all and insisted it must stay open and accessible to succeed.

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The market for crypto initial public offerings has slowed sharply as investors shift capital toward artificial intelligence and other sectors amid macroeconomic uncertainty.

Senator Elizabeth Warren has raised concerns over the approval of national trust bank charters for cryptocurrency companies. In a letter to the Comptroller of the Currency, she argued that nine such approvals violated the National Bank Act.

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