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.

Brian Armstrong, CEO of Coinbase, has pushed back against crypto companies rebranding as artificial intelligence firms. He argued that blockchain technology serves as foundational infrastructure that complements rather than competes with AI.

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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.

JPMorgan Chase CEO Jamie Dimon sharply criticized Coinbase CEO Brian Armstrong on Friday over provisions in the Digital Asset Market Clarity Act. Dimon warned that the bill's approach to stablecoin rewards could lead to failure without stronger bank-style protections.

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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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