The CEO of Coinbase, Brian Armstrong, severely criticized the upcoming Illinois’ crypto tax law, noting that it could be detrimental to blockchain innovation and employment. Specifically, Armstrong noted that such legislation could force blockchain innovation away from Illinois, creating extra complications for those who develop products based on blockchain technology.
As part of its further expansion into India, one of the world’s most rapidly developing marketplaces for digital assets, Coinbase has allowed direct rupee bank rails, facilitating the transfer of funds between local users’ bank accounts and the cryptocurrency markets on the exchange. In a blog post published on Sunday,
Friday, Jamie Dimon, CEO of JPMorgan Chase, once again harshly attacked Brian Armstrong, CEO of Coinbase, and warned that legislators risk the current Clarity Act version failing if they do not address the concerns of conventional banks over stablecoin regulation. During an interview with Fox Business’ Maria Bartiromo, Dimon seemed
The US cryptocurrency exchange Coinbase posted a significant first-quarter loss and revenue that fell short of Wall Street projections, sending its shares tumbling on Thursday. After posting a $667 million loss in Q4 2025, Coinbase had a net loss of $394.1 million in Q1, marking its second consecutive quarter of
Coinbase rejected the CLARITY Act draft due to its potential to limit innovation in the stablecoin and digital asset space. The company was concerned about the way the draft legislation treats yield-generating stablecoin products that exist across platforms. The officials claimed that the current draft lacks clear guidelines for activities
Bernstein analysts noted Circle and Coinbase as prominent vehicles for stablecoin exposure, highlighting the USDC collaboration between the two companies and the emerging role of stablecoins in agentic machine payments as a potential upside driver. The analysts headed by Gautam Chhugani wrote in a note to clients on March 23
Coinbase has taken a major step toward its Everything Exchange vision by launching stock perpetual futures for Magnificent 7 names and major ETFs, offering eligible international traders outside the U.S. with 24/7 exposure to major U.S. equities and Exchange-Traded Funds (ETFs). According to the Coinbase official blog on March 20,
Coinbase Asset Management has joined hands with Apex Group to develop a tokenized Bitcoin Yield Fund on Base. Coinbase developed a fund to build investment products that are based on blockchain technology for institutional and accredited investors across the world. The fund is developed on the ERC-3643 token standard. This
A user of Coinbase who attempted to block an IRS summons for his financial records got blocked by a California court. As per the information from PACER, Roger Metz filed a petition in the Northern District of California in May 2025 to cancel an IRS summons that looked for his
Coinbase Institutional, in an X post, has informed the community that it has concluded interviews of institutional crypto investors. Their responses have shed light on several aspects of the crypto market. This includes, with no limitation whatsoever, volatility, allocation, and the usage of stablecoins. Coinbase and EY-Parthenon Coinbase, in association
